Central City reports the following balances at September 30, 2014, its fiscal year-end, using full accrual accounting:

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Central City reports the following balances at September 30, 2014, its fiscal year-end, using full accrual accounting:
Central City reports the following balances at September 30, 2014,

Additional information (in thousands):
1. All bonds were used to acquire capital assets.
2. Governmental activities consist of the general fund, a special revenue fund for grants, a capital projects fund, and a debt service fund. At September 30, 2014, the special revenue fund has $35,000 in net position restricted to grant-related activities, the capital projects fund has $220,000 in net position restricted to capital projects, and the debt service fund has $140,000 in net position restricted to debt service, all calculated on a full accrual basis.
3. Business-type activities consist of the parking garage and community center. $1,000 in parking garage net position is restricted to specific facility improvements.
Required
Prepare a government-wide statement of net position for Central City as of September 30, 2014, in good form.

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Advanced Accounting

ISBN: 978-1934319307

2nd edition

Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III

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