Hampshire County, West Virginia
Reconciliation Of Balance Sheet – Governmental Funds
to the Statement of Net Position
June 30, 2025
Total fund balances on the governmental fund’s balance sheet $ 4,587,130
Amounts reported for governmental activities in the statement
of net position are different because:
Capital assets used in governmental activities are not
financial resources and, therefore not reported in the funds.
(Note III-C) 13,262,081
Other long-term assets that are not available to pay for current-year expenditures and are therefore not reported in the funds. (Note III-G) 778
Certain revenues are not available to fund current year
expenditures and, therefore are deferred in the funds. (Note III-B) 203,526
Inclusion of blended component unit Building Commission
refunding of debt 430,568
Deferred inflows and outflows related to pension and OPEB
activity are not required to be reported in the funds but are
required to be reported at the government-wide level
(Notes V and VI):
Deferred outflow (inflow) – Changes in employer portion and
differences between contributions and proportionate share
of expense 17,344
Deferred outflow – Employer contributions after
measurement date 695,955
Deferred inflow – Differences between projected and
actual investment earnings (607,435)
Deferred outflow (inflow) – Differences between expected
and actual experiences 905,753
Deferred outflow (inflow) – Differences in assumptions 87,122
Long-term liabilities are not due and payable in the current
period and therefore are not reported in the funds
(Note III-G) (5,786,797)
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Net position of governmental activities $ 13,796,025 ___________
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