Question

The City of Corona, California, Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances reports an increase in Fund Balances of $31,152,287.

Required
Based on the following information regarding transactions and events during the period, prepare the reconciliation of the governmental funds operating statement with the government-wide operating statement.

Additional Information
1. Capital outlay expenditures from governmental funds . . . . . . . . . .....$14,711,035
2. Cash received on accounts receivable . . . . . . . . . . . . . . . .. . . . . ......4,329,777
3. Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ......9,014,913
4. Franchise fees (not due until late next year) . . . . . . . . . . . . . . . . . . . . . . . . ....207,589
5. Noncurrent accrued compensated absences increase during the year.................489,324
6. Cash paid on accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .....6,329,987
7. Repayment of bond principal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....6,824,655
8. Accrued bond interest payable decrease from last year end . . . . . . . . . . . .......98,544
9. Internal Service Fund net revenue (net of expenses) . . . . . . . . . . . .....3,431,499



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  • CreatedOctober 25, 2014
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