1) prepare all journal entries (to include numbering for posting, and providing a description of the purpose of the JE) to reflect measurement of focus differences, basis of accounting differences, and consolidating/other eliminating entries necessary

2) to post and complete the Conversion Worksheet of Government Fund Financial Statements to Government-Wide Financial Statements. on the respective columns necessary to derive a Government-wide statement of Position and Statement of Activities, consistent with the methodology in our sample review project in class (Proper numbered posting). Finally, complete the

3) reconciliation worksheet of fund Balance Reconciliation and Change in Fund Balance Reconciliation.

Internal Service Fund Stmt
Assets
Cash	15,000
Investments	45,000
Capital assets	50,000
Accumulated depreciation	(10,000)
Total Assets	100,000
Liabilities
Accounts payable	2,000
Accrued liabilities	3,000
Long-term debt	42,000
Total Liabilities	47,000
Deferred inflows of Resources
Net Position	53,000
Total Liabl., Def. Inflows and
Net Position	100,000
Revenues
Charges for services	460,000
Total revenues	460,000
Expenses
General Govt	90,000
Public safety	300,000
Culture and recreation	35,000
Total operating expenses	425,000
Net change in net position	35,000
Fund balance: beginning	18,000
Fund balance: ending	53,000
Additional Facts Capital Assets The city had non-current capital assets of $7,500,000 Accumulated Depreciation Non-current assets of the city had accumulated depreciation of $4,700,000 Non-current Liabilities The had non-current liabilities of $2,400,000 Interst on Unmatured Interest The city's interest payments on debt fall due on November 30th. $50,000 in accrued interest is unpaid at year-end Depreciation Expense The city computed $930,000 in depreciation expense and attributed it to the following functional classifications: General government $140,000 Public safety $715,000 Culture and recration $75,000 Internal Service Funds All internal service fund profits of $35,000 resulted from charges to public safety departments