village of wellington, florida

VILLAGE OF WELLINGTON, FLORIDARECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE STATEMENT OF NET ASSETSSEPTEMBER 30, 2009Total governmental fund balances $ 83,178,063Amounts reported for governmental activities in the statement of net assets aredifferent because:Capital assets used in governmental activities are not financial resources andtherefore are not reported in the governmental funds. 132,350,735Governmental funds report the effect of issuance costs, premiums, discounts, andsimilar items when debt is first issued, whereas these amounts are deferred andamortized in the statement of activities.Deferred charges 186,785Net other postemployment benefit (OPEB) asset created through funding of theplan as employer contribution to the defined benefit OPEB plan is not recognized inthe funds. 514,482Long-term liabilities are not due and payable in the current period and therefore arenot reported in the funds.Bonds payable (19,067,871)Accrued interest (223,890)Compensated absences (997,627)Net assets of governmental activities $ 195,940,67719