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Net changes in fund balances - total governmental funds $ 243,625 <br />Governmental funds report capital outlay as expenditures. However, <br />in the Statement of Activities the cost of those assets is allocated over <br />their estimated useful lives and reported as depreciation expense. This <br />is the amount by which depreciation exceeded capital outlay in the <br />current period. (44,446) <br />Contributions to the pension plan in the current fiscal year are not <br />included on the Statement of Activities 79,765 <br />Some expenses reported in the statement of activities do not require the <br />use of current financial resources and, therefore, are not reported as <br />expenditures in governmental funds. <br />Pension expense (117,643) <br />Compensated absences (520) <br />Total changes in net position of governmental activities $ 160,781 <br />The accompanying notes are an fategra/part of this statement. <br />16 <br />Aaachmenl number 1 In <br />1-2 Page 201 <br />