The financial statements of Tarbet Township contain the following data regarding operating results: Changes in governmental...
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The financial statements of Tarbet Township contain the following data regarding operating results: Changes in governmental fund balances Capital outlay expenditures Debt service expenditures - principal Debt service expenditures - interest Proceeds from issuance of long-term debt Net revenue from enterprise funds Net revenue from internal service funds Change in net assets for fiduciary funds Depreciation on general governmental assets 750,000 350,000 80,000 125,000 1,250,000 650,000 15,000 235,000 175,000 In the spreadsheet below, determine the amount and manner in which each line item would be handled in reconciling the net change in fund balance to the change in net assets, government activities. Enter decreases as negative numbers. A 1 Net change in fund balance 2 Capital outlay expenditures 3 Principal payments on debt 4 Asset disposal 5 Sources of funds (bond proceeds) 6 Revenue accrual 7 Interest accrual 8 Depreciation expense 9 Internal service fund net income 10 Change in net position, governmental activities B $750,000 123 123 123 123 123 123 123 $750,000 The financial statements of Tarbet Township contain the following data regarding operating results: Changes in governmental fund balances Capital outlay expenditures Debt service expenditures - principal Debt service expenditures - interest Proceeds from issuance of long-term debt Net revenue from enterprise funds Net revenue from internal service funds Change in net assets for fiduciary funds Depreciation on general governmental assets 750,000 350,000 80,000 125,000 1,250,000 650,000 15,000 235,000 175,000 In the spreadsheet below, determine the amount and manner in which each line item would be handled in reconciling the net change in fund balance to the change in net assets, government activities. Enter decreases as negative numbers. A 1 Net change in fund balance 2 Capital outlay expenditures 3 Principal payments on debt 4 Asset disposal 5 Sources of funds (bond proceeds) 6 Revenue accrual 7 Interest accrual 8 Depreciation expense 9 Internal service fund net income 10 Change in net position, governmental activities B $750,000 123 123 123 123 123 123 123 $750,000
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Related Book For
Essentials of Accounting for Governmental and Not-for-Profit Organizations
ISBN: 978-0073527055
10th Edition
Authors: Paul A. Copley
Posted Date:
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