Laserfiche WebLink
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, 2012 <br />Net Change in Fund Balance — Governmental Fund $F,'""` 158,037 <br />Amounts reported for governmental activities in the Statement of Activities,, - <br />different because: <br />Governmental funds report interest expenditures as expenditures in they jqapaid. <br />However, in the Statement of Activities, interest is accrued on notes'thrcugh fiscal <br />year end. (112,917) <br />Governmental funds report note principal payments as expenditures:' However, in the <br />Statement of Net Assets, note principal payments rare: ieported as decreases in <br />liabilities, and the Statement of Activities is not affecie. 176,820 <br />In the Statement of Activities, the cost of interest expens Js adjusted to the amount of <br />the current period accrued expense. 8,217 <br />Change in Net Assets — Governmental Activities,;. 23 15 <br />The accompanying notes to basic financial <br />statements are an integral part of this report. <br />- 11 - <br />