As or July 1, 2021, the County adopted GASB Statement No. 87, Leases. This standard establishes a single model for lease accounting based on the foundational principle that leases are financings of the right to use an underlying asset. The Statement requires recognition of certain lease assets and liabilities for leases that previously were classified as operating leases and recognized as inflows of resources or outflows of resources based on the payment provision of the contract. Beginning net position was restated to retroactively adopt the provision of GASB Statement No. 87 as follows:
| Governmental Activities | General Fund |
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| Net position at June 30, 2021, as previously reported | $ 166,876,225 | $ 25,619,227 |
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| Add lease receivable under GASB 87 at July 1, 2021 | 219,671 | 219,671 |
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| Less deferred inflows of resources under GASB | | |
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| No. 87 at July 1, 2021 | (219,671) | (219,671) |
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| Net position at July 1, 2021, as restated | $ 166,876,225 | $ 25,619,227 |
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