The following information is available about items that differ between the governmental funds and the government-wide statements.
Question:
The following information is available about items that differ between the governmental funds and the government-wide statements. Assume that there are no internal service funds. The schedule of capital assets prepared for the year ended December 31, 2020, includes the following items:
The bond was issued at the beginning of the year, and the following amortization schedule is available.
The net change in fund balances?total governmental funds was $1,100,000.
Required:
Prepare the reconciliation of the statement of revenues, expenditures, and changes in fund balances to the statement of activities on a government-wide basis for the year ended December 31, 2020.
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