Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged in a single governmental activity. Assets Cash and cash equivalents Inventories Receivables (net) Taxes receivable Due from general fund Total assets Liabilities Accounts payable Due to special revenue fund Total liabilities. WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet As of December 31, 2020 Fund balance Nonspendable (inventories) Restricted for other purposes. Unassigned Total fund balance. Total liabilities and fund balance General Fund $ 137,500 6,400 104,500 $ 248,400 100,500 7,600 108, 100 6,400 133,900 140,300 $ 248,400 Special Revenue Fund $ 11, 200 7,600 $ 18,800 1,500 1,500 17,300 17,300 $ 18,800 Total $ 148,700 6,400 104,500 7,600 $ 267,200 102,000 7,600 109,600 6,400 17,300 133,900 157,600 $ 267,200 Additional information: a. Capital assets (net of accumulated depreciation) amounted to $321,800 at year-end. b. The liability for long-term compensated absences is estimated to be $76,500 at year-end. c. Long-term notes payable amounted to $219,800 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.) Assets Cash and Cash Equivalents Inventories Receivables (Net) Taxes Receivable Due from General Fund Capital Assets TOLLI A---- WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet/Statement of Net Position As of December 31, 2020 Special Revenue Fund General Fund $ 137,500 $ 6,400 a 104,500 210 1001 a 11,200 $ 7,600 10 onnl a Total 148,700 6,400 104,500 7,600 267.2001 Adjustments to Government-wide Statement of Net Position Assets Cash and Cash Equivalents Inventories Receivables (Net) Taxes Receivable Due from General Fund Capital Assets Total Assets Liabilities Accounts Payable Due to Special Revenue Fund Long-Term Compensated Absences Notes Due in More than One Year Total Liabilities WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet/Statement of Net Position As of December 31, 2020 General Fund Special Revenue Fund $ 137,500 $ 6,400 59 $ 104,500 248,400 $ 100,500 7,600 108,100 11,200 $ 7,600 18,800 $ 1,500 1,500 Total 148,700 6,400 104,500 7,600 267,200 102,000 7,600 109,600 Adjustments to Government-wide Statement of Net Position Liabilities Accounts Payable Due to Special Revenue Fund Long-Term Compensated Absences Notes Due in More than One Year Total Liabilities Fund Balance Nonspendable (inventories) Restricted for Other Purposes Unassigned Total Fund Balance Total Liabilities and Fund Balance Net Position Net Investment in Capital Assets Unrestricted Total Net Position $ 100,500 7,600 108,100 6,400 133,900 140,300 248,400 $ 1,500 1,500 17,300 17,300 18,800 $ 102,000 7,600 109,600 6,400 17,300 133,900 157,600 267,200