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CITY OF PLEASANTON <br /> <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />FOR THE YEAR ENDED JUNE 30, 2022 <br /> <br />  <br />Note 1: Summary of Significant Accounting Policies (Continued) <br /> <br />Government-Wide Financial Statements <br /> <br />The City’s government-wide financial statements include a Statement of Net Position <br />and a Statement of Activities and Changes in Net Position. These statements present <br />summaries of governmental and business-type activities for the City accompanied by a <br />total column. Fiduciary activities of the City are not included in these statements. <br /> <br />These government-wide financial statements are presented on an “economic resources” <br />measurement focus and the accrual basis of accounting. Accordingly, all of the City’s <br />assets, deferred outflows of resources, liabilities, and deferred inflows of resources, <br />including capital assets, as well as infrastructure assets, and long-term liabilities, are <br />included in the accompanying Statement of Net Position. The Statement of Activities <br />and Changes in Net Position presents changes in net position. Under the accrual <br />basis of accounting, revenues are recognized in the period in which they are earned while <br />expenses are recognized in the period in which the liability is incurred. <br /> <br />Certain types of transactions are reported as program revenues for the City in <br />three categories: <br /> <br /> Charges for services <br /> Operating contributions and grants <br /> Capital contributions and grants <br /> <br />Certain eliminations have been made as prescribed by GASB Statement No. 34 in <br />regards to interfund activities, payables and receivables. All internal balances in the <br />Statement of Net Position have been eliminated except those representing balances <br />between the governmental activities and the business-type activities, which are presented <br />as internal balances and eliminated in the total primary government column. In the <br />Statement of Activities and Changes in Net Position, internal service fund transactions <br />have been eliminated; however, those transactions between governmental and <br />business-type activities have not been eliminated. The following interfund activities have <br />been eliminated: <br /> <br /> Due to/from other funds <br /> Advances to/from other funds <br /> Transfers in/out <br /> Interfund charges <br /> <br />Governmental Fund Financial Statements <br /> <br />Governmental fund financial statements include a Balance Sheet and a Statement of <br />Revenues, Expenditures and Changes in Fund Balances for all major governmental <br />funds and non-major funds aggregated. An accompanying schedule is presented to <br />reconcile and explain the differences in net position as presented in these statements to <br />the net position presented in the government-wide financial statements. The City has <br />presented all major funds that met the applicable criteria. <br />56