WAUKESHA COUNTY Waukesha, Wisconsin

WAUKESHA COUNTY, WISCONSINRECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDSTO THE STATEMENT OF NET ASSETSDecember 31, 2010Total Fund Balances - Governmental Funds $ 111,482,152Amounts reported for governmental activities in the Statement of Net Assets aredifferent because:Capital assets used in governmental activities are not financial resources and therefore arenot reported as assets in governmental funds (excludes internal service funds). (see Note 2.A.) 291,710,725Long-term liabilities, including bonds and notes payable, are not due and payable in the currentperiod and therefore are not reported as liabilities in the funds. (see Note 2.A.) (79,105,697)Internal service funds are used by management to charge the costs of various servicesto individual funds and functional categories. The assets and liabilities of the internal servicefunds are included in governmental activities in the statement of net assets. 28,967,879Other long term assets are not available to pay for current period expenditures and, thereforeare deferred in the funds. (See Note 5) 6,581,065Total Net Assets - Governmental Activities $ 359,636,124See notes to financial statements.33