lle for the year ended June 30, 2017: Expenses: General government — $12,900,000 Public safety — 21,600,000 Public works — 11,100,000 Health and sanitation — 5,700,000 Culture and recreation — 4,200,000 Interest on long-term debt, governmental type — 900,000 Water and sewer system — 11,700,000 Parking system — 319,000
1. The following information is available for the preparation of the government-wide financial
statements for the City of Shortsville for the year ended June 30, 2017:
Expenses:
General government — $12,900,000
Public safety — 21,600,000
Public works — 11,100,000
Health and sanitation — 5,700,000
Culture and recreation — 4,200,000
Interest on long-term debt, governmental type — 900,000
Water and sewer system — 11,700,000
Parking system — 319,000
Revenues:
Charges for services, general government — 2,000,000
Charges for services, public safety — 430,000
Operating grant, public safety — 900,000
Operating grant, health and sanitation — 1,400,000
Charges for services, culture and recreation — 3,250,000
Charges for services, water and sewer — 13,000,000
Charges for services, parking system — 400,000
Property taxes — 29,300,000
Sales taxes — 19,800,000
Investment earnings, business-type — 425,000
Other Financing Sources (Uses):
Special item-gain on sale of unused land, governmental type — 116,000
Transfers from General Fund to enterprise fund — 200,000
Transfers Out (to governmental funds) — (1,200,000)
Transfers In (from governmental funds) — 1,200,000
Net Position, July 1, 2016, governmental activities — 13,000,000
Net Position July 1, 2016, business-type activities — 22,000,000
Required: From the information given above, prepare, in good form, a Statement of
Activities for the City of Shortsville for the year ended June 30, 2017. Shortsville has no
component units.
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