Delaware County, Indiana
Budget/GAAP Reconciliation - (Non-GAAP Budgetary Basis) -
General Fund
Year Ended December 31, 2025
The major differences between Budgetary (Non-GAAP) basis and GAAP basis are:
- a. Revenue are recorded when received in cash (budgetary) as opposed to susceptible to accrual (GAAP)
- b. Expenditures are recorded when paid in cash (budgetary) as opposed to when the liability is incurred (GAAP)
Adjustments necessary to convert the results of operations at the end of the year on a budgetary basis to a GAAP basis are as follows:
| General | ||
|---|---|---|
| Net changes in fund balances (budgetary basis) | $ | 350,279 |
| Adjustments: | ||
| To adjust revenues for accruals | (336,964) | |
| To adjust expenditures for accruals | 182,100 | |
| Net change in fund balances (GAAP basis) | $ | 195,415 |