The following alphabetic listing displays selected balances in the governmental activities accounts of Westover Village as...
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The following alphabetic listing displays selected balances in the governmental activities accounts of Westover Village as of its June 30 fiscal year-end. Assume that the beginning net position is $1,763 (in thousands) and that there were no changes in net position during the year other than those reflected in the selected account balances shown. For simplicity, assume that the village does not have business-type activities or component units. WESTOVER VILLAGE Governmental Activities Selected Account Balances (in thousands) For the Year Ended June 30, 2023 Debits Credits Expenses-Culture and Recreation Expenses-General Government Expenses-Health and Sanitation Expenses-Interest on Long-term Debt Expenses-Public Safety General Revenues-Investment Earnings General Revenues-Property Taxes 12,472 9,691 6,978 6,188 34,964 2,078 56,420 1,320 4,115 2,570 3,266 General Revenues-Unrestricted Grants and Contributions Program Revenue-Culture and Recreation-Charges for Services Program Revenue-Culture and Recreation-Operating Grants Program Revenue-General Government-Charges for Services Program Revenue-General Government-Operating Grants Program Revenue-Health and Sanitation-Charges for Services Program Revenue-Public Safety-Capital Grants Program Revenue-Public Safety-Charges for Services Program Revenue-Public Safety-Operating Grants Special Item-Gain on Sale of Park Land 963 5,732 74 1,318 1,427 3,593 Required Prepare a (partial) statement of activities. (Enter your answers in thousands. Input all amounts as positive values.) WESTOVER VILLAGE Statement of Activities (Partial) For the Year Ended June 30, 2020 (in thousands) Net (Expense) Revenue and Program Revenues Charges for Services Operating Grants Capital Grants Changes in Net Position Functions/Programs Expenses Primary Government: 2$ Total Governmental Activities 0 $ $ 0 $ General Revenues: Total general revenues Total general revenues and special items Change in net position Net position-July 1, 2022 Net position-June 30, 2023 The following alphabetic listing displays selected balances in the governmental activities accounts of Westover Village as of its June 30 fiscal year-end. Assume that the beginning net position is $1,763 (in thousands) and that there were no changes in net position during the year other than those reflected in the selected account balances shown. For simplicity, assume that the village does not have business-type activities or component units. WESTOVER VILLAGE Governmental Activities Selected Account Balances (in thousands) For the Year Ended June 30, 2023 Debits Credits Expenses-Culture and Recreation Expenses-General Government Expenses-Health and Sanitation Expenses-Interest on Long-term Debt Expenses-Public Safety General Revenues-Investment Earnings General Revenues-Property Taxes 12,472 9,691 6,978 6,188 34,964 2,078 56,420 1,320 4,115 2,570 3,266 General Revenues-Unrestricted Grants and Contributions Program Revenue-Culture and Recreation-Charges for Services Program Revenue-Culture and Recreation-Operating Grants Program Revenue-General Government-Charges for Services Program Revenue-General Government-Operating Grants Program Revenue-Health and Sanitation-Charges for Services Program Revenue-Public Safety-Capital Grants Program Revenue-Public Safety-Charges for Services Program Revenue-Public Safety-Operating Grants Special Item-Gain on Sale of Park Land 963 5,732 74 1,318 1,427 3,593 Required Prepare a (partial) statement of activities. (Enter your answers in thousands. Input all amounts as positive values.) WESTOVER VILLAGE Statement of Activities (Partial) For the Year Ended June 30, 2020 (in thousands) Net (Expense) Revenue and Program Revenues Charges for Services Operating Grants Capital Grants Changes in Net Position Functions/Programs Expenses Primary Government: 2$ Total Governmental Activities 0 $ $ 0 $ General Revenues: Total general revenues Total general revenues and special items Change in net position Net position-July 1, 2022 Net position-June 30, 2023
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Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
Posted Date:
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