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LA PORTE REDEVELOPMENT AUTHORITY <br />RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF <br />REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES <br />TO THE STATEMENT OF ACTIVITIES <br />FOR THE YEAR ENDED SEPTEMBER 30, 2016 <br />Net Change in Fund Balance — Governmental Fund <br />Amounts reported for governmental activities in the Statement of Activities are <br />different because: <br />$ (54) <br />Governmental funds report interest expenditures as expenditures in the year paid. <br />However, in the Statement of Activities, interest is accrued on notes through fiscal <br />year end. 4,015 <br />Governmental funds report principal payments as expenditures. However, in the <br />Statement of Net Position, principal payments are reported as decreases in <br />liabilities, and the Statement of Activities is not affected. 538,735 <br />Governmental funds report additional Developer principal due as increases. However, <br />in the Statement of Net Position, additional principal is reported as an increase in <br />liabilities, and the Statement of Activities is not affected. (593,339) <br />In the Statement of Activities, the cost of interest expense is adjusted to the amount of <br />the current period accrued expense. f 30,386) <br />Change in Net Position — Governmental Activities <br />The accompanying notes to the financial <br />statements are an integral part of this report. <br />