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NYS Comptroller

THOMAS P. DiNAPOLI

Local Government and School Accountability

Previous Accounting Releases (Advisories and Bulletins)

Examples from GASB Statement 34

Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission.

Sample City Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Year Ended December 31, 2002

  General Fund HUD Programs Community Redevelopment Route 7 Construction Fund Other Governmental Funds Total Governmental Funds
REVENUES:            
Property taxes $51,173,436       $4,680,192 $55,853,628
Franchise taxes 4,055,505         4,055,505
Public service taxes 8,969,887         8,969,887
Fees and fines 606,946         606,946/td>
Licenses and permits 2,287.794         2,287,794
Intergovernmental 6,119,938 $2,578,191     2,830,916 11,529,045
Charges for services 11,374,460       30,708 11,405,168
Investment earnings 552,325 87,106 $549,489 $270,161 364,330 1,823,411
Miscellaneous 881,874 66,176   2,939 94 951,083
Total revenues 86,022,165 2,731,473 549,489 273,100 7,906,240 97,482,467
             
EXPENDITURES:            
Current:            
General government 8,630,835   417,814 16,700 121,052 9,186,401
Public safety 33,729,623         33,729,623
Public works 4,975,775       3,721,542 8,697,317
Engineering services 1,299,645         1,299,645
Health and sanitation 6,070,032         6,070,032
Cemetery 706,305         706,305
Culture and recreation 11,411,685         11,411,685
Community development   2,954,389       2,954,389
Education - payment to school district 21,893,273         21,893,273
Debt Service:            
Principal         3,450,000 3,450,000
Interest and other charges         5,215,151 5,215,151
Capital outlay     2,246,671 11,281,769 3,190,209 16,718,649
Total expenditures 88,717,173 2,954,389 2,664,485 11,298,469 15,697,954 121,332,470
Excess (deficiency) of revenues over expenditures (2,695,008) (222,916) (2,114,996) (11,025,369) (7,791,714) (23,850,003)
             
OTHER FINANCING SOURCES (USES):            
Proceeds of refunding bonds         38,045,000 38,045,000
Proceeds of long-term capital-related debt     17,529,560   1,300,000 18,829,560
Payment to bond refunding escrow agent         (37,284,144) (37,284,144)
Transfers in 129,323       5,551,187 5,680,510
Transfers out (2,163,759) (348,046) (2,273,187)   (219,076) (5,004,068)
Total other financing sources and uses (2,034,436) (348,046) 15,256,373   7,392,967 20,266,858
             
SPECIAL ITEM:            
Proceeds from sale of park land 3,476,488         3,476,488
Net change in fund balances (1,252,956) (570,962) 13,141,377 (11,025,369) (398,747) (106,657)
Fund balances - beginning 2,908,322 1,647,338 34,110 20,387,774 10,022,219 34,999,763
Fund balances - ending $ 1,655,366 $ 1,076,376 $13,175,487 $ 9,362,405 $ 9,623,472 $34,893,106

The reconciliation of the net change in fund balances of governmental funds to the change in net assets in the statement of activities is presented in an accompanying schedule.