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CITY OF EUGENE, OREGON <br />Notes to Basic Financial Statements <br />(2) Reconciliation of Government-wide and Governmental Fund Financial Statements <br />(A) Explanation of Differences Between the Government-wide Statement of Net Position and the Governmental Fund <br />Balance Sheet <br />The Balance Sheet for governmental funds (Exhibit 3) includes a reconciliation between total fund balances and total <br />net position of governmental activities in the Statement of Net Position (Exhibit 1). The following are selected <br />elements of that reconciliation. <br />The Statement of Net Position reports receivables at their net realizable value. However, receivables not available to <br />pay for current-period expenditures are deferred in governmental funds. The details of this $32,216,903 difference <br />are as follows: <br />Capital assets are not financial resources in governmental funds, but are reported in the Statement of Net Position at <br />their net depreciable value. The details of this $409,483,686 difference are as follows: <br />All liabilities are reported in the Statement of Net Position. However, if they are not due and payable in the current <br />period, they are not recorded in governmental funds. The details of this $70,402,962 difference are as follows: <br />continued <br />47 <br />