Question

The following information is taken from Hamilton Township’s December 31, 2013, trial balance after all adjustments were made for preparation of the government- wide financial statements. Hamilton Township has governmental activities but no business- type activities. Using the appropriate format, prepare a statement of activities for the Town of Hamilton for the year ended December 31, 2013.
Revenues— property taxes............. $ 3,250,000
Revenues— sales taxes............. 2,175,000
State operating aid— police program......... 410,000
State operating aid— town road maintenance .... 250,000
State capital aid— town road maintenance...... 50,000
Fees— sanitation................ 75,000
Fees— programs for youth and seniors........ 65,000
Fees— parks admissions.............. 85,000
Revenue from disposal of donated property ..... 425,000
General government expenses......... 625,000
Police program expenses ............... 2,615,000
Road maintenance program expenses......... 975,000
Sanitation program expenses ............ 1,410,000
Parks and recreation program expenses........ 525,000
Youth and senior program expenses......... 325,000
Net position— beginning of year 3, ......... 125,000



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  • CreatedDecember 30, 2014
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