CITY OF LAGUNA NIGUEL RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE GOVERNMENT-WIDE STATEMENT OF NET POSITION JUNE 30, 2024 RECONCILIATION TO THE STATEMENT OF NET POSITION Fund Balances of Governmental Funds $ 61,642,412 Amounts reported for governmental activities in the statement of net position are different because: Capital assets net of depreciation have not been included as financial resources in governmental fund activity (excluding amount reported in the internal service fund): Capital Assets 775,018,170 Accumulated Depreciation (201,793,578) Long-term liabilities were not due and payable in the current period and, therefore, were not reported in the governmental funds. All liabilities, both current and long-term, are reported in the statement of net position: Compensated Absences (647,440) Subscription Payable (167,088) Net pension liabilities and the related deferred outflows of resources and deferred inflows of resources are not due and payable in the current period or not available for current expenditures and are not reported in the governmental fund financial statements: Pension Related Deferred Outflows of Resources 6,596,397 Net Pension Liabilities (7,365,509) Pension Related Deferred Inflows of Resources (2,716,404) Other postemployment benefits liability and the related deferred outflows of resources and deferred inflows of resources are not due and payable in the current period or not available for current expenditures and are not reported in the governmental fund financial statements: OPEB Related Deferred Outflows of Resources 331,378 Other Postemployment Benefits Liabilities (1,924,375) OPEB Related Deferred Inflows of Resources (956,386) Revenues reported as unavailable revenue in the governmental funds and recognized in the statement of activities. These are included in the revenues of governmental activities. 1,025,488 Internal service funds are used by management to charge the costs of certain activities, such as vehicle replacement, to individual funds. The assets and liabilities of the internal service fund are reported with governmental activities. 439,047 Net Position of Governmental Activities as Reported in the Statement of Net Position $ 629,482,112 See accompanying Notes to Basic Financial Statements. (27)