Question: Prepare a Statement of Activities for Tazewell County for calendar year 20X9, given the following: General property tax revenues . . . . . .
Prepare a Statement of Activities for Tazewell County for calendar year 20X9, given the following:
General property tax revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . $70,000,000
Proceeds from sale of general government land* . . . . . . . . . . . . 2,200,000
Unrestricted grant revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000
Grants restricted to education. . . . . . . . . . . . . . . . . . . . . . . . . . .12,000,000
Capital grants for transportation. . . . . . . . . . . . . . . . . . . . . . . . . 9,000,000
Expenses (including depreciation):
General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000,000
Public safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000,000
Education. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34,000,000
Transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24,000,000
Culture and recreation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500,000
Interest expense on GLTL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000,000
GLTL principal retired . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16,000,000
General government capital outlay expenditures. . . . . . . . . . . . . 7,000,000
Transfers to Enterprise Funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000,000
Water Enterprise Fund:
Charges for services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,000,000
Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11,900,000
Book value of general government building destroyed
in tornado (uninsured) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 310,000
Net position, governmental activities, 1/1/X9. . . . . . . . . . . . . . . 26,530,000
Net position, business-type activities, 1/1/X9 . . . . . . . . . . . . . . . 4,000,000
*The cost of the land that was sold was $350,000.
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