One-Worksheet ConversionGovernmental ActivitiesAppendix Soucy Township Total Governmental Funds Preclosing Trial Balance December 31, 20X7

Soucy Township Governmental Funds Operating Statement Conversion Worksheet For the Year Ended December 31, 20X7 Governmental Governmental General Other Changes, Activities Funds General Long-Term Deferred Outflows/Inflows Column Operating Capital Assets Liabilities of Resources, Statement of Statement Changes Changes and Interfund Items Activities Revenues: Taxes $ 4,500,000 Licenses and Permits 68,000 Fines and Forfeitures 17,000 Investment Income 100,000 Intergovernmental-Operating Grants 20,000 Expenditures / Expenses: Current/Operating General Government 495,000 Public Safety 1,500,000 Highways and Streets 1,700,000 Health and Sanitation 1,300,000 Capital Outlay Equipment 750,000 Debt Service Principal Retirement 100,000 Interest 150,000 Other Financing Sources (Uses): Transfers from General Fund 111,000 Transfers to Capital Projects Funds (35,000) Transfers to Debt Service Funds (76,000) Transfers to Enterprise Funds (70,000) Change in Fund Balances / Net Position $ (1,360,000) $ - $ - $ - $ - Adjustments Legend: (1a) Eliminate capital outlay expenditures (1b) Add depreciation expense (2b) Eliminate expenditures for bond retirement (2c) Convert interest expenditures to expenses: Deduct decrease in accrued interest payable (4) Convert modified accrual revenues to accrual basis revenues (6a) Eliminate governmental interfund transfers Note: Adjustment numbers correspond to adjustment numbers in Illustrations 14-11 on page 568.