Total Governmental Fund Balances$ 55,012,254
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$ 5,951,746
Construction in progress15,749,544
Infrastructure, net of $84,852,518 accumulated depreciation100,035,994
Buildings, net of $12,867,714 accumulated depreciation26,015,494
Machinery and equipment, net of $14,880,739 accumulated depreciation17,687,904
Improvements other than buildings, net of $1,500,921 accumulated depreciation1,948,412
Total capital assets167,389,094
Other long-term assets are not available to pay current period expenditures and, therefore, are deferred in the governmental funds.
Property taxes and intergovernmental555,833
Pension and OPEB related deferred outflows of resources and deferred inflows of resources are not due and payable in the current year and, therefore, are not reported in the governmental funds, as follows:
Deferred outflows of resources2,903,892
Deferred inflows of resources(2,244,947)
Long-term liabilities applicable to the County's governmental activities are not due and payable in the current period and, therefore, are not reported as fund liabilities. Interest on long-term debt is not accrued in governmental funds, but rather is recognized as an expenditure when due. All liabilities - both current and long-term - are reported in the Statement of Net Position.
Balances at June 30, 2023 are:
Accrued interest on debt(57,113)
Bonds and notes payable(22,453,194)
Unamortized premiums on the issuance of bonds(429,898)
Compensated absences(5,185,156)
Net pension liability(1,852,407)
Total OPEB liability(1,491,789)
Total long-term liabilities(31,469,557)
Net Position of Governmental Activities$ 192,146,569

See Notes to Financial Statements

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