Presented below is the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the Trinity Parish Fire District, a special-purpose entity engaged in a single governmental activity. Prepare a combined Governmental Funds Balance Sheet/Statement of Net Position in the format presented in Illustration 9-2.

Trinity Parish Fire District

Governmental Funds: Statement of Revenues, Expenditures, and

Changes in Fund Balances

For the Year Ended December 31, 2017

Additional information:
a. Property taxes expected to be collected more than 60 days following year-end are deferred in the fund-basis statements. Deferred taxes totaled $39,000 at the end of 2016 and $36,000 at the end of 2017.
b. The current year provision for depreciation totaled $59,000.
c. Interest on long-term notes payable is paid monthly (no accrual is necessary).
d. Total Net Position on the December 31, 2016, Statement of Net Position totaled $128,000.

Transcribed Image Text:

General Fund Special Revenue Fund Revenues Total Property taxes Intergovernmental Miscellaneous $300,000 47,500 $300,000 28,000 $19,500 5,000 5,000 Total revenues 333,000 19,500 352,500 Expenditures Current Personnel services 150,000 25,000 125,000 15,000 165,000 25,000 125,000 Supplies Capital outlay Debt service Principal Interest 5,000 8,000 $313,000 20,000 5,000 8,000 $328,000 24,500 Total expenditures Revenues over expenditures Other financing sources (uses): $15,000 4,500 25,000 5,000 (5,000) 25,000 25,000 Issuance of debt Transters from other funds Transfers (to) other funds 5,000 (5,000) 20,000 5,000 Excess of revenues and other sources over (under) expenditures and other uses Fund balance-beginning of year Fund balance-end of year 40,000 22,000 $ 62,000 9,500 (8,000) $ 1,500 49,500 14,000 63,500