Acton-Boxborough Regional School District Reconciliation of the Governmental Funds Balance Sheet Total Fund Balances to the Statement of Net Position June 30, 2024
Reconciliation of the governmental funds balance sheet total fund balances to the statement of net position Total governmental fund balances…………………………………………………… $ 8,536,232
Capital assets (net) used in governmental activities are not financial resources and, therefore, are not reported in the funds…………………………………… The statement of net position includes certain deferred inflows of resources and deferred outflows of resources that will be amortized over future periods. In governmental funds, these amounts are not deferred………………………… In the statement of activities, interest is accrued on outstanding long-term debt, whereas in governmental funds interest is not reported until due……………… Long-term liabilities are not due and payable in the current period and, therefore are not reported in the governmental funds:
171,777,375
(1,268,874)
(741,750)
Bonds payable………………………………………………………………… (74,908,322) Net pension liability…………………………………………………………… (32,314,927) Net other postemployment benefits liability………………………………… (49,304,819) Due to other governments…............................................................................ (1,190,800) Right to use lease liabilities….......................................................................... (1,491,862) Compensated absences……………………………………………………… (905,221) Net effect of reporting long-term liabilities………………………………
(160,115,951)
Net position of governmental activities………………………………………………
$
18,187,032
See notes to basic financial statements. 20
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