The balance sheet of an enterprise fund reports an asset as "restricted cash and investments" and shows a portion of "net position" as restricted. Provide an example of the types of restrictions to which the assets of a proprietary fund might be subject. Why might the "restricted cash and investments" not be equal to the portion of "net position" that is restricted?

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Business-type Activities Governmental Activities- Internal Service Funds Electric Golf Course Totals Operating revenues $18,127,813 $2,144,417 S 20,272,230 Fees and charges Miscellaneous $24,409,862 1,706,818 26,116,680 Total operating revenues 18,127,813 2,150.539 20,278,352 Operating expenses ,440,894 ,219,757 6,651,450 935,034 Wages and salaries Contractual services Utilities Repairs and maintenance Supplies Insurance claims and expenses 551,075 1,206,571 1,195,704 797,141 153,651 161,162 103,387 27,390 6,660,651 704,726 1,367,733 1,299,091 824,531 3,136,784 375,112 12,806,858 2,732,594 26,981,531 (864,851) 1.861,024 11,052,409 7,075,404 867.278 2,532,625 (382.086) 2,728,302 13,585,034 6,693,318 ation Total operating expenses Operating income (loss) Nonoperating revenues (expenses) 962,158 167,880 (2,561,328) (1,866.474) (4,427,802) 215,573 33,368 (66,586) (281,605) Interest and dividends 727,668 234,490 167,880 Other revenues Interest expense Miscellaneous expense 74.954) (74,954) Total nonoperating revenue (expenses) (1.833,660) (1.539.058) 3.372.718) 99.250) Net income (loss) before 3,320,600 2,633,470 contributions and transfers 5,241,744(1,921,144) Capital contributions Transfers-out 2,633,470 30,061 (280,053) 464,000 (338,254) 7411.214 (2.259.398) 5,264,470 (802.254) Change in net assets Total net position-beginning Total net position-ending 5,151,816 131,758,895 $133,905.639 $3.005.072 $136,910.711 126,494,425 6,005,599 4,791,506 City of Kingsland Statement of Net Position Proprietary Funds December 31, 2018 Business-type Activities Governmental Activities- Internal Service Funds Electric Utility Golf Course Totals Assets Current assets Cash and cash equivalents $13,466,645 Investments 590,669 14,057,314$5,337,758 274,733 Accounts and notes ivabk 5,703,338 5,656 5,708,994 218,133 Due from other governments Inventories 66,390 202,678 19,439,051 222925 20,035,376 6.053.549 66,390 202,678 Total current assets 596,325 Noncurrent assets Restricted cash and investments Capital assets 2.389,315 30,148,286 4,834,619237,858,378 24.526.257)(1.258,405) (25.784.662) 242,222,002 2.389.315 301,621 28,846,666 Buildings and equipment 233,023.758 23,554,858 Less accumulated Depreciation Capital assets, 209.799,122 38,173 32,422,880 35,408,520 14,304,083 20,357,632 net Total assets 264.646,693 Liabilities Current liabilities 715,883 280,000 180,560 1,248,912 1,872,621 380,304 2,700,760 Accounts payable Due to other funds 486,405 1,202,288 280,000 194,683 14,123 Claims and judgments Bonds, notes, and loans 6,311,374 7.487,817 6,887,374 1,076,5288,564,345 576,000 398,889 Total current liabilities Noncurrent liabilities Compensated absences Claims and judgments Bonds, notes, and loans 722,238 56,490 778,728 8,964,640 87,122,479 18,392,909 Total noncurrent 87,844,717 95,332,534 32.403.448 31,326,920 19,171,637 127,735,982 8,964,640 15,566,126 Total liabilities Net position Invested in capital assets, 116,365,269 116,941,719 2,323,194 17,645,798 $136,910,711 13,905,194 net of related debt Restricted Unrestricted 576,450 2,323,194 105,428 $133,905639 3,005.072 17,540,370 9,113.688) $4,791.506 Total net position