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F-2

CITY OF MYRTLE BEACH, SOUTH CAROLINA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES DISCRETELY PRESENTED COMPONENT UNIT MYRTLE BEACH DOWNTOWN REDEVELOPMENT CORPORATION Year Ended June 30, 2010

REVENUES Charges for Services Miscellaneous Total Revenues

EXPENDITURES Current: Community and Economic Development

Net Change in Fund Balances

Fund Balances - Beginning

Fund Balances - Ending

Reconciliation to the Statement of Activities

Net Change in Fund Balances

Amounts reported in the statement of activities are different because:

The fund financial statements report capital outlays as expenditures. However, in the statement of activities the costs of those assets are allocated over their estimated useful lives and are reported as depreciation expense.

Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the fund financial statements.

Change in Net Assets Reported in the Statement of Activities

  • -

    99 -

$

1,524,391

$

(84,583)

769,619

$

685,036

$

1,295,113

144,695

$

1,439,808

$

(84,583)

(41,296)

(910)

$

(126,789)

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