Question: Required: From the information given below, prepare, in good form, a Statement of Activities for the City of Anderson for the year ended June 30,
Required: From the information given below, prepare, in good form, a Statement of Activities for the City of Anderson for the year ended June 30, 2019.
Expenses:
| Expenses: General government Public safety Public works Health and sanitation Culture and recreation Interest on long-term debt, governmental type Water and sewer system Parking system |
$11,300,000 22,700,000 11,100,000 5,700,000 4,200,000 800,000 11,900,000 325,000 |
|
Revenues: Charges for services, general government Charges for services, public safety Operating grant, public safety Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, parking system Property taxes Sales taxes Investment earnings, business-type
|
2,000,000 200,000 900,000 1,400,000 3,000,000 13,000,000 400,000 27,500,000 19,800,000 300,000 |
| Other Financing Sources (Uses): Special item-gain on sale of unused land, governmental type |
100,000 |
| Net Position, July 1, 2018. governmental activities | 13,000,000 |
| Net Position, July 1, 2018, business-type activities | 7,000,000 |
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