Washington City created an Information Technology department in 2013 to centralize information technology (IT) functions for the city. The goal of the department was to reduce costs, avoid duplication of efforts, and provide up-to-date technology to all of the city's operations. The fund was designed to be self-supporting; that is, all costs are to be recovered through user fees, but any excess of fees over expenses should be less than 5 percent. The pre closing trial balance for the IT department as of December 31, 2016, is shown below.

During the fiscal year ended December 31, 2017, the following transactions (summarized) occurred:
1. Gross employee wages were $57,600, including the employer's share of Social Security taxes amounting to $4,100. Federal income and Social Security taxes withheld from that amount totaled $18,725.
2. Office expenses in the amount of $3,700 were paid in cash.
3. Materials and supplies purchased on account during the year were $8,400.
4. Received a bill totaling $14,525 for utilities provided by Washington City's utility fund.
5. Cash paid to the federal government for payroll taxes was $23,000.
6. Cash paid to the Utility Fund was $14,500.
7. Accounts payable at year-end totaled $2,950.
8. Materials and supplies used during the year were $8,250.
9. Charges to departments during the fiscal year were as follows:
General Fund.......................... $57,500
Special Revenue Fund............... 20,600
10. Unpaid balances at year-end were:
General Fund........................... $3,500
Special Revenue Fund................ 1,800
11. The depreciation for the year was $6,100.
12. Revenue and expense accounts for the year were closed.
Required
a. Prepare a statement of revenues, expenses, and changes in net position for the Information Technology Fund for 2017.
b. Prepare a statement of net position for the Information Technology Fund as of December 31, 2017.
c. Prepare a statement of cash flows for the Information Technology Fund as of December 31, 2017.
d. Given the goals of the fund as described above, evaluate the manager of the IT department.

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Debits Credits (in thousands) Cash Due from Other Funds Materials and Supplies Inventory Machinery and Equipment Accumulated Depreciation Accounts Payable Payroll Taxes Payable Due to Other Funds Net Position-Net Investment in $14,500 4,250 350 53,600 $30,100 2,550 2,650 1,200 Capital Assets Net Position-Unrestricted 23,500 12,700 $72,700 $72,700