Question

Prepare a Statement of Activities for the Walland County School District for the year ended December 31, 20X5, given the following information. Assume that the classifications provided for expenses are the appropriate functional classifications to be presented in the statement.
Property tax revenues . . . . . . . . . . . . . . . . . . . . $48,000,000
Unrestricted grants and entitlements . . . . . . . . . . . . 11,200,000
Unrestricted contributions . . . . . . . . . . . . . . . . . 80,000
Unrestricted investment income . . . . . . . . . . . . . . 790,000
Transfers from General Fund to Enterprise Funds . . . . . 100,000
Charges for services provided by:
Instructional departments . . . . . . . . . . . . . . . . . 1,050,000
Support services . . . . . . . . . . . . . . . . . . . . . . 440,000
Noninstructional services . . . . . . . . . . . . . . . . . . 10,000
Extracurricular activities . . . . . . . . . . . . . . . . . . 320,000
Food service (Enterprise Fund activity) . . . . . . . . . . . 1,500,000
Adult and community education (Enterprise
Fund activity) . . . . . . . . . . . . . . . . . . . . . . . . 844,822
Grants and contributions revenues—restricted
for specific operating costs of specific programs:
Instructional departments . . . . . . . . . . . . . . . . . . 800,000
Support services . . . . . . . . . . . . . . . . . . . . . . 750,000
Noninstructional services . . . . . . . . . . . . . . . . . 490,000
Extracurricular activities . . . . . . . . . . . . . . . . . 51,000
Food service . . . . . . . . . . . . . . . . . . . . . . . . 365,000
Grants and contributions revenues—restricted
for capital asset acquisitions for specific functions:
Instructional departments . . . . . . . . . . . . . . . . 720,000
Support services . . . . . . . . . . . . . . . . . . . . . 55,100
Expenses:
Instructional departments . . . . . . . . . . . . . . . 34,000,000
Support services . . . . . . . . . . . . . . . . . . . . 27,000,000
Noninstructional services . . . . . . . . . . . . . . . . 575,000
Extracurricular activities . . . . . . . . . . . . . . . . 1,340,000
Food service . . . . . . . . . . . . . . . . . . . . . . 1,880,000
Adult and community education . . . . . . . . . . . 884,000
Net position, January 1, 20X5:
Governmental activities . . . . . . . . . . . . . . . . 6,850,000
Business-type activities . . . . . . . . . . . . . . . . 1,400,000


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  • CreatedOctober 25, 2014
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