3. Reconciling the Government-wide Statement of Net Position and the Governmental funds

Balance sheet:

a. Explain how Cash in the "Governmental Activities" Column in the Statement of Net

Position is related to Cash in the Governmental funds Balance sheet (Reconcile, i.e.,

start with cash on the government wide financial statement and show how you can

get to the cash reported on the governmental funds balance sheet or vice versa).

b. Why are the total assets in the governmental activities' column of the government-wide

Statement of Net Position not equal to the total assets in the Balance Sheet for

Governmental funds? Please state all possible reasons; reconciliation is not required.

c. Why are the total liabilities in the governmental activities' column of the government-

wide Statement of Net Position not equal the total liabilities in the Balance Sheet for

Governmental funds? Please state all possible reasons; reconciliation is not required.