Hart County, Georgia
Reconciliation of Governmental Funds Balance Sheet
To the Statement of Net Assets
September 30, 2004

Total Governmental Fund Balance  $8,593,974
Amounts Reported for Governmental Activities in the Statement of Net Assets differs from. the amount reported on the Balance Sheet for the Governmental Funds because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. These assets consist of:  
Land and improvements $615,093  
Buildings 6,732,343  
Construction in progress 69,658  
Machinery, equipment and other 3,068,574  
Vehicles 2,619,399  
Infrastructure 1,168,061  
Recreational upgrades 316,020  
Accumulated depreciation (2,568,271)  
Total capital assets   12,020,877
Some of the County's revenues will be collected after year-end, but are not available soon enough to pay for the current period's expenditures. and therefore are deferred in the funds.
 
Property Taxes 277,271  
Grant 10,000  
Total Deferred Revenue   287,271
Some Liabilities are not due and payable in the current period and therefore are not reported in the funds. Those liabilities consist of:
 
Capital Leases (1,319,051)  
Compensated Absences (287,905)  
Total Capital Leases and Compensated Absences   (1,606,956)
Net Assets of Governmental Activities  $19,295,166