The following information has been provided for the City of Elizabeth for its fiscal year ended June 30, 2017. The information provided relates to financial information reported on the city's statement of net position and its total governmental funds balance.
Revenues accrued but unavailable to pay the current period expenditures..... $361,200
Capital assets............................................................................ 639,900
Accumulated depreciation on capital assets......................................... 353,400
Accrued interest on bonds and long-term notes payable......................... 1,200
Bonds and long-term notes payable................................................ 174,200
Unamortized premium on bonds payable.......................................... 700
Compensated absences............................................................... 13,300
Total governmental fund balances.................................................. 157,700
Total net position of governmental activities...................................... 616,000
Required
Using the information provided, prepare in good form a reconciliation of the governmental fund balances to the net position of governmental activities.