Hampshire County, West Virginia
Reconciliation Of The Statement Of Revenues, Expenditures
And Changes In Fund Balances Of Governmental Funds To
The Statement Of Activities
For the Fiscal Year Ended June 30, 2025
Amounts reported for governmental activities in the statement of
activities are different because:
Net changes in fund balances – total governmental funds $ (750,153)
Capital outlays are reported as an expenditure in the governmental
funds but are considered an asset at the government-wide level.
This is the amount of capital assets that were purchased during
the fiscal year. (Note III-C) 1,319,804
Capital outlays are reported as an expenditure in the governmental
funds. In the statement of activities, the cost of those assets is
allocated over their estimated useful lives and reported as
depreciation expense. This is the amount of depreciation
expense charged during the year. (Note III-C) (634,812)
Inclusion of blended component unit Building Commission (51,808)
Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds. This is the difference between prior and current year deferred revenues. 31,873
Prior year deferred revenues $171,653
Current year deferred revenues $203,526
Certain pension and OPEB expenses in the statement of activities
are recognized on the accrual basis of accounting in accordance
with GASB 68. (Notes V and VI)
Amount of pension and OPEB expenditures at fund modified
accrual level: 695,955
Amount of pension and OPEB expenses recognized at
government-wide level: (411,208)
Some expenses reported in the statement of activities do not
require the use of current financial resources and, therefore, are
not reported as expenditures in governmental funds. (Note III-F) (104,054)
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Changes in net position of governmental activities $ 95,597
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