The following information is taken from Hamilton Townships December 31, 2013, trial balance after all adjustments were

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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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Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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