Question: Complete the table given the information in this table and picture provided: Ravenscroft County Governmental Funds Balance Sheet December 31, 20X9 Total Assets: Cash $
Complete the table given the information in this table and picture provided: 
| Ravenscroft County | |
| Governmental Funds Balance Sheet | |
| December 31, 20X9 | |
| Total | |
| Assets: | |
| Cash | $ 850,000.00 |
| Investments | $ 1,890,000.00 |
| Due from other governments | $ 600,000.00 |
| Due from Capital Projects Fund | $ 56,000.00 |
| Taxes receivable- Delinquet (Net) | $ 12,000,000.00 |
| Accured interest recivable | $ 34,000.00 |
| inventory of materials and supplies | $ 272,000.00 |
| Total Assets | $ 15,702,000.00 |
| Liabilities: | |
| Vouchers Payable | $ 324,000.00 |
| Accured Salaries and wages payable | $ 99,000.00 |
| contracts payable-retainage | $ 57,000.00 |
| due to enterprise fund | $ 12,000.00 |
| due to special revenue funds | $ 56,000.00 |
| Total Liabilities | $ 548,000.00 |
| Deferred Inflows of Resources: | |
| Deferred Tax revenues | $ 1,526,000.00 |
| deferred capital grant revenues | $ 600,000.00 |
| Total deferred inflows of resources | $ 2,126,000.00 |
| Fund Balances | |
| Nonspendable | $ 27,200.00 |
| restricted | $ 1,580,800.00 |
| assigned | $ 200,000.00 |
| unassigned | $ 10,975,200.00 |
| total fund balances | $ 12,783,200.00 |
| total liabilities, deferred inflows of resources, and fund balances | $ 15,457,200.00 |

Additional Information 1. Both the deferred capital grant and the deferred tax revenues were deferred because resources were not collected soon enough to be considered available. 2. Interest payable on bonds at the beginning of the fiscal year was $100,000. At year end, it was $125,000. 3. The discount on bonds (below) is amortized over a 10-vear term. 4. 5. Additional Information 1. Both the deferred capital grant and the deferred tax revenues were deferred because resources were not collected soon enough to be considered available. 2. Interest payable on bonds at the beginning of the fiscal year was $100,000. At year end, it was $125,000. 3. The discount on bonds (below) is amortized over a 10-vear term. 4. 5
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
