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t <br /> Yuma County, Colorado <br /> Reconciliation of Fund Balance to Statement of Net Assets <br /> Governmental Funds <br /> December 31, 2009 <br /> Amounts reported for governmental activities in the Statement <br /> of Net Assets are different because: <br /> Total Fund Balance on Governmental Funds 13,117,200 <br /> Other long term assets, such as debt issue costs, are not available to pay for current <br /> year expenditures and therefore, are not reported in the funds. 372,445 <br /> Capital assets used in governmental activities are not financial resources and <br /> therefore, are not reported in the funds. This represents the County capital assets at <br /> cost. 49,800,544 <br /> Accumulated depreciation on capital assets are recorded on the government wide <br /> financial statements to charge the cost off the asset over its estimated useful life. (14,772,542) <br /> Rent revenue for governmental funds is recognized when measurable and available. <br /> However, in the Statement of Activities, rent revenue is recognized over the term of <br /> the lease. This represents the amount of unearned water rights lease revenue. (4,750,000) <br /> Long-term liabilities are not due and payable in the current period and therefore, are <br /> not reported in the funds. This represents the County's compensated absences at <br /> year end. (413,033) <br /> Long-term liabilities are not due and payable in the current period and therefore are <br /> not reported in the funds. This represents the County's accrued interest at year end. (145,654) <br /> Long-term liabilities are not due and payable in the current period and therefore, are <br /> not reported in the funds. This represents the County's notes payable at year end. (9,594,057) <br />' Long-term liabilities are not due and payable in the current period and therefore, are <br /> not reported in the funds. This represents the County's bonds payable at year end. (6,028,263) <br />' Long-term liabilities are not due and payable in the current period and therefore, are <br /> not reported in the funds. This represents the County's landfill closure and post <br /> closure liability at year end. (168,091) <br /> Net Assets of Governmental Activities 27,418,549 <br /> The accompanying notes are an integral part of these financial statements. <br /> C4 <br />