Question

Prepare the net position section for governmental activities in the government-wide Statement of Net Position for the City of Josiah at June 30, 20X6, given the following information as of that date.
General Fund Committed Fund Balances . . . . . . . . . . . . . . . . . . . . . $ 2,000,000
General Fund Assigned Fund Balance . . . . . . . . . . . . . . . . . . . . . . . . 3,500,000
General Fund Unassigned Fund Balance. . . . . . . . . . . . . . . . . . . . . . 2,500,000
Total Special Revenue Funds Restricted Fund Balances . . . . . . . . 2,000,000
Capital Projects Funds Restricted Fund Balances* . . . . . . . . . . . . . 400,000
Capital Projects Funds Assigned Fund Balances . . . . . . . . . . . . . . . 400,000
Total Debt Service Funds Restricted Fund Balances. . . . . . . . . . . . 2,000,000
General capital assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000,000
Accumulated depreciation on general capital assets . . . . . . . . . . . . 5,000,000
Deferred outflows of resources:  
Deferred refunding amount (capital-asset-related) . . . . . . . . . . . 70,000
General long-term liabilities:  
Bonds payable (capital-asset-related) . . . . . . . . . . . . . . . . . . . . . . 3,000,000
Long-term claims and judgments payable . . . . . . . . . . . . . . . . . . 1,750,000
Long-term compensated absences payable. . . . . . . . . . . . . . . . . . 750,000
Internal Service Funds (serving only general government departments):  
Total assets (30% capital assets) . . . . . . . . . . . . . . . . . . . . . . . . . 3,000,000
Total liabilities (25% capital-asset-related debt) . . . . . . . . . . . . . 1,100,000
Total equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,900,000
*$300,000 is unexpended bond proceeds.



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  • CreatedOctober 25, 2014
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