The following information is available for the preparation of the governmentwide financial statements for the city of
Question:
The following information is available for the preparation of the governmentwide financial statements for the city of Northern Pines for the year ended June 30, 2020:
From the previous information, prepare, in good form, a Statement of Activities for the city of Northern Pines for the year ended June 30, 2020. Northern Pines has no component units.
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Expenses: General government Public safety Public works $ 10,000,000 23,000,000 11,890,000 Health and sanitation 6,210,000 Culture and recreation 4,198,000 Interest on long-term debt, governmental type Water and sewer system 1,021,000 11,550,000 Parking system Revenues: 419,000 Charges for services, general government Charges for services, public safety Operating grant, public safety Charges for services, health and sanitation Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, parking system Property taxes 1,110,000 1,410,000 698,000 2,355,000 1,210,000 2,198,000 12,678,000 298,000 27,112,000 20,698,000 Sales taxes Investment earnings, business-type Special item-gain on sale of unused land, governmental type Transfer from governmental activities to business-type activities Net position, July 1, 2019, governmental activitles Net position, July 1, 2019, business-type activities 319,000 1,250,000 888,000 12,222,000 22,333,000
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Essentials Of Accounting For Governmental And Not-for-Profit Organizations
ISBN: 9781260570175
14th Edition
Authors: Paul Copley
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