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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, 2014 <br />f �.md4 2 <br />Net Change in Fund Balance --- Governmental Fund $^'<, (25 ,j948) <br />Amounts reported for governmental activities in the Statement of Activities ate <br />different because: <br />e; <br />Governmental funds report interest expenditures as expenditures in the-I.YeP.,,paiti. <br />However, in the Statement of Activities, interest is accrued on notes'fhroug fiscal <br />year end. i'' <br />�L � (56,923) <br />Governmental funds report note principal payments as expendi res:',-Iowever, in the <br />Statement of Net Position, note principal payments ate repoT,t oas decreases in <br />liabilities, and the Statement of Activities is not affected:„ a._.� 354,688 <br />In the Statement of Activities, the cost of interest expense is adjusted to the amount of <br />the current period accrued expense. 421,190 <br />Change in Net Position — Governmental Activities <br />sr <br />Al uw'; <br />j <br />Th.e accompanying notes to the financial <br />stzterneats are an integral part of this report. <br />