The information below should be used to prepare (in proper form in Excel) a Public Transportation column
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Question:
The information below should be used to prepare (in proper form in Excel) a Public Transportation column for the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position for the fiscal year ending May 31, 2018.
Operating Revenue (Services) | $25,705,000 |
Interest Revenue | $36,000 |
Intergovernmental Revenue | $140,000 |
Capital Contributions | $1,200,000 |
Operating Expenses: | |
Employee Wages | $8,654,000 |
Temporary Labor | $750,000 |
Repairs and Maintenance | $6,425,000 |
Depreciation | $4,532,000 |
Utilities | $948,000 |
Interest Expense | $475,000 |
Transfer to General Fund | $315,000 |
Net position, June 1, 2017 | $3,820,000 |
Please also answer the following questions in MS Word:
- What observations can you make about the fund’s activity from June 1, 2017-May 31, 2018?
- Identify the other proprietary fund statements and what measurement focus and basis for accounting are used in those statements.
- What reports and schedules are included in the CAFR as required supplementary information?
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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