Total Governmental Fund Balances$ 54,539,100
Amounts Reported for Governmental Activities in the Statement of Net Position is Different Because:
Capital assets used in governmental activities are not current financial resources and, therefore, are not reported in the governmental funds.
These assets consist of:
Land$ 5,586,516
Construction in progress4,888,207
Infrastructure, net of $79,674,247 accumulated depreciation96,067,151
Buildings, net of $11,879,905 accumulated depreciation26,272,700
Machinery and equipment, net of $13,005,425 accumulated depreciation18,355,929
Improvements other than buildings, net of $1,387,649 accumulated depreciation1,905,310
Total capital assets153,075,813
Other long-term assets are not available to pay current period expenditures and, therefore, are deferred in the governmental funds.
Property taxes and intergovernmental524,529
Pension and OPEB related deferred outflows of resources and deferred inflows of resources are not due and payable in the current year and, therefore, are not reported in the governmental funds, as follows:
Deferred outflows of resources3,029,843
Deferred inflows of resources(13,231,563)
Net pension asset7,264,077
Long-term liabilities applicable to the County's governmental activities are not due and payable in the current period and, therefore, are not reported as fund liabilities. Interest on long-term debt is not accrued in governmental funds, but rather is recognized as an expenditure when due. All liabilities - both current and long-term - are reported in the Statement of Net Position.
Balances at June 30, 2022 are:
Accrued interest on debt(63,283)
Bonds and notes payable(24,549,492)
Unamortized premiums on the issuance of bonds(472,789)
Compensated absences(4,842,782)
Total OPEB liability(1,797,728)
Total long-term liabilities(31,726,074)
Net Position of Governmental Activities$ 173,475,725

See Notes to Financial Statements