Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged in a single governmental activity.

WARRENTON LIBRARY DISTRICT
Governmental Funds Balance Sheet
As of December 31, 2020
	General Fund					Special Revenue Fund					Total
Assets
Cash and cash equivalents		$	126,000				$	12,500			$	138,500
Inventories			6,150									6,150
Receivables (net)
Taxes receivable			96,500									96,500
Due from general fund								7,700				7,700
Total assets		$	228,650				$	20,200			$	248,850
Liabilities
Accounts payable			86,550					4,000				90,550
Due to special revenue fund			7,700									7,700
Total liabilities			94,250					4,000				98,250
Fund balance
Nonspendable (inventories)			6,150									6,150
Restricted for other purposes								16,200				16,200
Unassigned			128,250									128,250
Total fund balance			134,400					16,200				150,600
Total liabilities and fund balance		$	228,650				$	20,200			$	248,850

Additional information:

1. Capital assets (net of accumulated depreciation) amounted to $326,500 at year-end.
2. The liability for long-term compensated absences is estimated to be $87,075 at year-end.
3. Long-term notes payable amounted to $223,250 at year-end

Prepare a combined Governmental Funds Balance Sheet/Statement of Net Position. (Amounts to be deducted should be indicated by a minus sign.)

WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet/Statement of Net Position As of December 31, 2020 General Fund Special Revenue Total Adjustments to Fund Government-wide Statement of Net Position $ 12,500 $ 126,000 $ 6,150 138,500 6,150 Assets Cash and Cash Equivalents Inventories Receivables (Net) Taxes Receivable Due from General Fund Capital Assets Total Assets 96,500 96,500 7,700 7,700 $ 228,650 20,200 $ 248,850 $ 4,000 86,550 7,700 90,550 7,700 Liabilities Accounts Payable Due to Special Revenue Fund Long-Term Compensated Absences Notes Due in More than One Year Total Liabilities 94,250 4,000 98,250 6,150 16,200 Fund Balance Nonspendable (inventories) Restricted for Other Purposes Unassigned Total Fund Balance Total Liabilities and Fund Balance 128,250 134,400 228,650 $ 6,150 16,200 128,250 150,600 248,850 16,200 20,200 $ $ Net Position Net Investment in Capital Assets Unrestricted Total Net Position WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet/Statement of Net Position As of December 31, 2020 General Fund Special Revenue Total Adjustments to Fund Government-wide Statement of Net Position $ 12,500 $ 126,000 $ 6,150 138,500 6,150 Assets Cash and Cash Equivalents Inventories Receivables (Net) Taxes Receivable Due from General Fund Capital Assets Total Assets 96,500 96,500 7,700 7,700 $ 228,650 20,200 $ 248,850 $ 4,000 86,550 7,700 90,550 7,700 Liabilities Accounts Payable Due to Special Revenue Fund Long-Term Compensated Absences Notes Due in More than One Year Total Liabilities 94,250 4,000 98,250 6,150 16,200 Fund Balance Nonspendable (inventories) Restricted for Other Purposes Unassigned Total Fund Balance Total Liabilities and Fund Balance 128,250 134,400 228,650 $ 6,150 16,200 128,250 150,600 248,850 16,200 20,200 $ $ Net Position Net Investment in Capital Assets Unrestricted Total Net Position