Ravenscroft County

Governmental Funds Balance Sheet Conversion Worksheet

December $31,20$X$9$

General Governmental

Governmental General Long$-$Term Other Balances Activities

Funds Capital Assets Liabilities and Column on

Balance Balances Balances Interfund Items Statement of

Sheet # # # Net Position

Cash $ $850,000$

Investments $1,890,000$

Due from other governments $600,000$

Due from Capital Projects Fund $56,000$

Taxes receivable $($net$)12,000,000$

Accrued interest receivable $34,000$

Inventory of materials and supplies $27,200$

Land $-$

Buildings $-$

Accumulated Depreciation $--$ Buildings $-$

Equipment $-$

Accumulated Depreciation $--$ Equipment $-$

Library Books $-$

Construction in Progress $-$

Total Assets $15,457,200---$

Vouchers payable $324,000$

Accrued salaries and wages payable $99,000$

Contracts payable$--$retained percentage $57,000$

Due to Enterprise Fund $12,000$

Due to Special Revenue Funds $56,000$

Interest Payable $-$

Bonds Payable $-$

Discount on Bonds $-$

Capital Lease Liability $-$

Liability for Claims and Judgments $-$

Total Liabilities $548,000----$

Deferred tax revenues $1,526,000$

Deferred capital grant revenues $600,000$

Total Deferred Outflows of Resoruces $2,126,000----$

Total Fund Balance $/$ Net Position $ $12,783,200$ $ $-$ $ $-$ $ $-$ $ $-$

Due to Enterprise Fund will be reported as Internal Balances

$(1)$ Add general capital assets and accumulated depreciation

$(2$a$)$ Add long$-$term debt

$(2$b$)$ Add interest payable at year$-$end

$(3)$ Add other long$-$term liabilities

$(4)$ All deferred inflows were earned

$(5)$ Eliminate Due from CPF$/$Due to SRF