Proprietary Fund Financial Statement Quiz Shown below is the Statement of Revenues, Expenses, and Change in Net Position and the Statement of Net Position for the Sewer Fund, an enterprise fund, of a community. The dollar amounts in the Net Position portion of the Statement of Net Position have been left blank. Please enter the correct amounts for Net investment in capital assets, Restricted, and Unrestricted, given the following information: (1) all of the current portion of long term debt and $1,200,011 of the long term debt, net of current portion, is associated with the purchase of capital assets, (2) $4,500,000 of net assets is restricted by the State of Michigan for the purpose of hazardous waste expenditures, (3) $600,000 is restricted by the City's Council to be used for painting various structures. Very important, clearly show your computations. Michigan Municipality Sewer Fund Statement of Net Position 1,756,031 62,707 1,818,738 1,787,903 4,855,143 1,000 766,309 7,410,355 4,019,075 9,091,782 13,110,857 20,521,212 Michigan Municipality Sewer Fund Statement of Revenues, Expenses, and Change in Net Position Operating revenue Charges for services Fines & forfeitures Total operating revenue Operating expenses Salaries & wages Fringe benefits Supplies Contractual services Utilities Insurance Communications Printing & publishing Repairs Building & equipment rental Other Depreciation Total operating expenses Operating income (loss) Nonoperating revenue (expenses) Interest income Interest expense & fees Change in equity interest in joint venture Net nonoperating revenues (expenses) Income before transfers Transfers Transfers in Transfers out Change in net position Net position - beginning of year Net position - end of year 49,680 15,683 8,957 262,649 849,299 22,404 5,756 180 92,168 37,453 6,418 72,686 1,423,333 395,405 Assets Current assets Cash and cash equivalents Accounts receivable Due from other funds Due from other governments Total current assets Noncurrent assets Capital assets not being depreciated Capital assets, net of accumulated depreciation Total noncurrent assets Total assets Liabilities Current liabilities Accounts payable Accrued wages Due to other funds Due to other governments Compensated absences, current Current portion of long term debt Total current liabilities Noncurrent liabilities Long term debt, net of current portion Total liabilities Net position Net investment in capital assets Restricted Unrestricted Total net position 435,400 635 774,671 373,279 1,281 30,000 1,615,266 1,762 -12,899 -81,125 -92,262 303,143 1,266,011 2,881,277 ?? ?? ?? 10,000 -89,200 223,943 17,415,992 17,639,935 17,639,935