---- The amount reported for “due from other funds” on the statement of net position for the water utility enterprise fund is for services provided to the governmental and internal service funds of Pine Hill.

-----On the governmental fund's balance sheet on December 31, 2021, the fund balance is restricted for the following:

o Debt service, $50,000;

o Capital projects, $36,000.

A. Prepare the government-wide statement of net position for the Village of Pine Hill at December 31,

2021.

  

The following financial information is for the Village of Pine Hill for the year ended December 31, 2021. The Village has only one enterprise fund. Assets Current assets Cash Accounts receivable (net) Due from other funds Materials and supplies Total current assets Noncurrent assets Restricted assets Total assets Capital assets, net of accumulated depreciation Total noncurrent assets Liabilities Current liabilities Accounts payable Interest payable Current portion of revenue bonds Total current liabilities Noncurrent liabilities: Revenue bonds Total liabilities Village of Pine Hill Statement of Net Position Water Utility Enterprise Fund At December 31, 2021 Total net position Net Position Invested in capital assets, net of related debt Restricted for debt service Unrestricted $ 27,000 97,500 8,000 50,000 $ 182,500 $ 30,000 1,020,000 $ 1,050,000 $1.232,500 $ 70,000 10,000 100,000 $ 180,000 500,000 $680,000 420,000 30,000 102,500 $ 552 500