Delaware County, Indiana
Reconciliation of the Statement of Revenues, Expenditures, and Changes in
Fund Balances of Governmental Funds to the Statement of Activities
Year Ended December 31, 2025
Amounts reported for governmental activities in the Statement of Activities are different because:
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Net change in fund balances, total governmental funds (statement of revenues, expenditures and changes in fund balances). |
$ | 11,053,884 | ||
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Governmental funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is allocated over their estimated useful lives and reported as in the current period: |
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| Capital outlays | $ | 7,318,818 | ||
| Loss on disposal of capital assets | (251,955) | |||
| Other | 2,277,049 | |||
| Depreciation and amortization expense | (5,613,186) | 3,730,726 | ||
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The issuance of long-term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of premiums, discounts and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Net Activities. This amount is the net effect of these differences in the treatment of long-term debt and related items: |
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| Principal payments | 3,775,689 | |||
| SBITA proceeds | (107,285) | |||
| Proceeds from leases | (508,395) | |||
| Principal on SBITA | 53,565 | |||
| Principal paid on financed purchases and leases | 292,297 | 3,505,871 | ||
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Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds: |
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| Deferred inflows, pensions | (911,011) | |||
| Deferred inflows, OPEB | (765,147) | |||
| Unavailable revenue | (1,648,141) | |||
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Expenses in the Statement of Activities that do not provide current financial resources are not reported as expenditures in the funds: |
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| Deferred outflows of resources, pensions | (1,822,416) | |||
| Deferred outflows of resources, OPEB | (285,085) | |||
| Amortization of deferred amount on refundings | (23,724) | |||
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Compensated absences reported in the Statement of Activities that do not require the use of current financial resources are not reported as expenditures in the governmental funds. |
(213,634) | |||
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Prepaids amortized in the Statement of Activities require the use of current financial resources and, therefore, are reported as expenditures in governmental funds when paid. |
159,243 | |||
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Accrued interest reported in the Statement of Activities does not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. |
(7,308) | |||
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Pension assets do not require the use of current financial resources and, therefore, are not reported in the governmental funds - change in net pension asset. |
114,804 | |||
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Pension liabilities do not require the use of current financial resources and, therefore, are not reported in the governmental funds - change in net pension liability. |
3,599,992 | |||
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OPEB liability reported in the Statement of Activities does not require the use of current resources and, therefore, are not reported as expenditures in governmental funds. |
976,681 | |||
|
Internal service funds are used by management to charge the costs of certain activities to individual funds. The net revenue (expense) of the internal service funds is reported with governmental activities. |
(566,118) | |||
| Change in Net Position of Governmental Activities (Statement of Activities) | $ | 16,898,617 | ||