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a <br />■ <br />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, 2015 <br />■ <br />Net Change in Fund Balance — Governmental Fund <br />■ Amounts reported for governmental activities in the Statement of Activities <br />different because: <br />Governmental funds report interest expenditures as expenditures in they ear'zpa d. <br />■ However, in the Statement of Activities, interest is accrued on notes1hrough fiscal <br />year end. <br />■ Governmental funds report note principal payments as expenditures: ti'However, in the <br />Statement of Net Position, note principal payments are' reported:' as decreases in <br />liabilities, and the Statement of Activities is not affected. <br />sk <br />In the Statement of Activities, the cost of interest expense is adjusted to the amount of <br />the current period accrued expense. <br />m ' <br />Change in Net Position — Governmental Ac'tiUes ' <br />A,� <br />A , <br />1 <br />The accompanying notes to the financial <br />statements are an integral part of this report. <br />-11- <br />(i 20'928) <br />(44,477) <br />1,603,927 <br />10,564 <br />$ 1,449,086 <br />