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' CITY OF LA PORTE, TEXAS <br />Reconciliation of the Governmental Funds <br />Balance Sheet to Statement of Net Assets <br />September 30, 2004 <br />1 <br />Amounts reported for governmental activities in the statement of net <br />assets are different because: <br />Total fund balances - total governmental funds $ 19,327,145 <br />' Capital assets used in governmental activities are not current financial <br />resources and therefore are not reported in this fund financial <br />statement, but are reported in the governmental activities of the <br />' statement of net assets. 36,645,414 <br />Certain other long-term assets are not available to pay current period <br />expenditures and therefore are not reported in this fund financial <br />statement, but are reported in the governmental activities of the <br />statement of net assets. 3,006,547 <br />rInterest <br />payable on long-term debt does not require current financial <br />resources. Therefore, interest payable is not recorded as a liability in <br />' <br />governmental funds balance sheets. (28,760) <br />The assets and liabilities of certain internal service funds are not <br />included in the fund financial statement, but are included in the <br />governmental activities of the statement of net assets. 8,506,004 <br />Some liabilities, (such as notes payable, capital lease contract <br />' payable, long-term compensated absences, and bonds payable), are <br />not due and payable in the current period and are not included in the <br />fund financial statement, but are included in the governmental activities <br />' of the statement of net assets: <br />Bonds Payable (13,230,000) <br />Compensated Absences Payable (2,464,948) <br />F� <br />1 <br />1 <br />Net assets of governmental activities $ 51,761,402 <br />See accompanying notes to basic financial statements. <br />(0) <br />33 <br />