A city is preparing the reconciliation between the amount reported as "Net Change in Fund Balances" for all governmental funds to the amount reported as the "Change in Net Assets" for governmental activities on the town's government-wide financial statements for the year ended December 31, 2020.

The following transactions on the governmental fund financial statements are reported:

Net Change in Fund Balance	$600,000
Capital Outlay Expenditures	$250,000
Debt Service Expenditure - Principal	$100,000
Debt Service Expenditure - Interest	$85,000
Proceeds from the issuance of long-term debt	$500,000
Net Revenue from enterprise funds	$1,800,000
Net revenue from internal service funds	$53,000

Additionally, the city's subsidiary records also displayed the following information:

Depreciation expense on the capital assets used in governmental activities: $45,000

Required: Compute the city reports as the change in net assets for governmental activities