Deriving government-wide FS and Reconciliation requirement

Question 1

How to reconcile fund balance from governmental fund BS to the net position on the governmental activities column of the government-wide FS?

Answer 1

CANS
Total governmental fund balance
+ Plus: Capital assets (existing and current)
- Substract: Accumulated depreciation
- Substract: Noncurrent liabilities (existing)
+ Plus: eliminate/reverse deferred inflows
- Substract: accrued interest payable
+ Add: internal Service fund net position
Net position from governmental activities

Question 2

How to reconcile change in fund balance from governmental fund statement of revenue, expenditures, and changes in fund balance to the government-wide statement of activities?

Answer 2

CPAS RIDES
Net change in fund balance - total government funds
+ Capital outlay
+ Principal payments on non-current debt
- Asset disposals (NBV)
- Sources (other financing sources - debt proceeds)
+ Revenue (measurable but unavailable)
- Interest expense (accrued)
- Depreciation Expense
+ internal Service fund net revenue
Change in net position of governmental activities