A County Presents a Budgetary Comparison Schedule for Its Water

A county presents a budgetary comparison schedule for its water fund, an enterprise fund. Budgetary basis actual revenues less expenditures and other financing uses for the year is $90,000. However, in the water fund's operating statement, prepared following full accrual accounting, the change in net position for the year is $3,300,000. The budgetary basis uses the purchases method for inventory and the modified accrual basis for revenues and expenditures. Here is additional information for the year.
$$\begin{array} { | l | r | } \hline \text { Increase in accrued noncurrent compensated absences } & \$ 15,000 \\\hline \text { Increase in pension and OPEB liabilities for benefits earned during the year } & 400,000 \\\hline \text { Increase in inventory } & 30,000 \\\hline \text { Capital outlay } & 2,000,000 \\\hline \text { Depreciation } & 1,890,000 \\\hline \text { Debt principal payments } & 3,400,000 \\\hline \text { Increase in accrued interest payable } & 5,000 \\\hline \text { Amortization of deferred loss on debt refunding } & 60,000 \\\hline \text { Amortization of debt issue premium } & 150,000 \\\hline\end{array}$$ Required
Prepare a schedule reconciling the budgetary actual amount to the GAAP change in net position, as reported in the water fund's operating statement.