City of Oakwood, Ohio

Reconciliation of Total Governmental Fund Balance to

Net Position of Governmental Activities

December 31, 2024

Total Governmental Fund Balance		$22,048,940
Amounts reported for governmental activities in the
statement of net position are different because:
Capital assets used in governmental activities are not financial
resources and, therefore, are not reported in the funds.		37,647,829
Other long‐term assets are not available to pay for current‐
period expenditures and, therefore, are deferred in the funds.
Income Taxes	2,411,377
Delinquent Property Taxes	21,042
Interest	68,654
Intergovernmental	466,494
Other Receivables	246,835
		3,214,402
An internal service fund is used by management to charge
back costs to individual funds. The assets and
liabilities of the internal service fund are included in
governmental activities in the statement of net position.		(474,474)
Some liabilities reported in the statement of net position do not
require the use of current financial resources and, therefore,
are not reported as liabilities in governmental funds.
Compensated Absences		(2,866,631)
Deferred outflows and inflows or resources related to pension
and OPEB are applicable to future periods and, therefore, are not
reported in the funds.
Deferred outflows of resources related to pensions	5,124,705
Deferred inflows of resources related to pensions	(502,683)
Deferred outflows of resources related to OPEB	629,570
Deferred inflows of resources related to OPEB	(873,443)
		4,378,149
Long‐term assets and liabilities are not due and payable in the current
period and, therefore, are not reported in the funds.
Net OPEB Asset	208,495
Net Pension Liability	(17,698,559)
Net OPEB Liability	(871,172)
		(18,361,236)
Net Position of Governmental Activities		$45,586,979