The Following Information Is Available Concerning the Financial Activities of Flathead

Essay

The following information is available concerning the financial activities of Flathead County, Montana for the year ended June 30, 2017. All information relates to activities of governmental funds, except for the change in net position of internal service funds.
$$\begin{array} { | l | r | } \hline \text { Change in total fund balances-governmental funds } & \$ 2,779,700 \\\hline \text { Long-term debt issuance } & 60,630 \\\hline \text { Tax collections in excess of full accrual revenues earned } & 146,631 \\\hline \text { Net transfers from general fund to special revenue funds } & 11,243,673 \\\hline \text { Decrease in net position, internal service funds } & 855,001 \\\hline \text { Depreciation expense on capital assets } & 4,522,540 \\\hline \text { Short-term investments of idle cash } & 2,840,539 \\\hline \text { Gain on disposal of capital assets } & 233,087 \\\hline \text { Principal payments on long-term debt } & 877,877 \\\hline \text { Capital assets purchased or constructed } & 10,106,343 \\\hline \text { Receipts of investment earnings in excess of full accrual revenues } & 18,767 \\\hline \text { Temporary loans from the general fund to other governmental funds } & 217,009 \\\hline \text { Proceeds from sale of capital assets } & 262,847 \\\hline \text { Increase in inventories; the County uses the consumption method } & 242,196 \\\hline \text { Increase in liability for long-term compensated absences } & 205,864 \\\hline \text { Increase in pension and OPEB liability } & 1,785,171 \\\hline \text { Increase in encumbrances; the County uses the GAAP method } & 4,391 \\\hline\end{array}$$ Required
Prepare a schedule showing the reconciliation of the change in total fund balances-governmental funds (as reported on the statement of revenues, expenditures and changes in fund balances of the governmental funds) to the change in net position-governmental activities (as reported on the government-wide statement of activities). Not all information above is used in this reconciliation.