City of Oakwood, Ohio

Reconciliation of the Statement of Revenues, Expenditures, and Changes
in Fund Balance of Governmental Funds to the Statement of Activities

For the Fiscal Year Ended December 31, 2024

Net Change in Fund Balance ‐ Total Governmental Funds		$1,801,721
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital asset additions as expenditures. However, in the statement of activities, the cost of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount of the difference between capital asset additions and depreciation in the current period.
Capital Assets used in governmental activities	3,664,772
Depreciation Expense	(1,988,569)
		1,676,203
Governmental funds only report the disposal of assets to the extent proceeds are received from the sale. In the statement of activities, a gain or loss is reported for each disposal. The amount of the proceeds must be removed and the gain or loss on the disposal of capital assets must be recognized. This is the amount of the difference between the proceeds and the gain or loss.		(580)
Governmental funds report pension and OPEB contributions as expenditures. However in the Statement of Activites, the cost of pension and OPEB benefits earned net of employee contributions are reported as pension and OPEB expense.
Pension Contributions	1,252,355
Pension Expense	(1,836,883)
OPEB Contributions	18,825
OPEB Expense	(25,592)
		(591,295)
Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds.
Income Taxes	375,255
Delinquent Property Taxes	15,730
Interest	11,157
Intergovernmental	65,371
Other	(76,802)
		390,711
Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.
Compensated Absences		(163,221)
The internal service fund used by management to charge back costs to individual funds is not reported in the entity‐wide statement of activities. Governmental fund expenditures and the related internal service fund revenues are eliminated. The net revenue (expense) of the internal service fund is allocated among the governmental activities.
Change in Net Position ‐ Internal Service Funds	(88,423)
Change in portion of Internal Service Fund Net Position allocated to Business‐Type Activities	36,991
		(51,432)

Change in Net Position of Governmental Activities		$3,062,107