The balance sheet of an enterprise fund reports an asset as restricted cash and investments and shows

The balance sheet of an enterprise fund reports an asset as “restricted cash and investments” and shows a portion of ‘‘net position’’ as restricted. Provide an example of the types of restrictions to which the assets of a proprietary fund might be subject. Why might the “restricted cash and investments” not be equal to the portion of ‘‘net position’’ that isrestricted?

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Cty ol Kingsland Statement of Net Position Proprielary Funds December 31. 2015 Business-type Activitics Governmental Electric Utility Golf Course Internal Service Funds Totals Asscts Cawvent assets Cash and cash equivalents 13,466,045 S 590,669 14,057,314 S5,337,758 274,733 Accounts and notes receivable Due from other governments 5,703,338 66,390 202,678 5,656 5,708,994 66,390 20,035,376 2389,315 30,148,286 Total current assets 596,325 Nmurrent aset Restricted cash and investments ital assets 1,301,621 28,846,606 Buildings and equipment 237,858,378 23,554,858 233,023,758 (24,526,257) 229,238,173 4,834,619 (1,258,405) 35,408,520 Less accumalated Capital assets, net Total assets 264,046,693 Cswvent liabilities Accounts payable Due to other funds Co 715,883 280,000 180,560 486,405 1,202,288 280,000 194,683 1,248,912 1,872,621 mpensated absences Claims and judgments Bonds, notes, and loans payable 14,123 6887374 8,564,345 2,700,760 398,889 6,601 4806 6311374 Total current liabilities Compensated ahsences Claims and judgments Bonds, notes, and loans payable 722,238 56,490 778,728 8,964,640 87,122,479 87,844,71 5,332,534 31,270,430 31.326,920 32,403,448 118,392,909 19,171,637 127,735,982 Total noncurrent liabilitics 8,964.640 15,566,126 Total liahilitics Net position Invested in capital assets, net of related deht Restrictecd 10,450 2,323,194 105,428 116,941,719 2,323,194 17.645,798 16,365,269 13,905,194 17.540,370 133,905,639 Total net position 136,910,711 $4,791,506