The following information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2020: Expenses: General government Public safety Public works Health and sanitation $ 10,000,000 23,000,000 11,890,000 6,210,000
The following information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2020: Expenses: General government Public safety Public works Health and sanitation $ 10,000,000 23,000,000 11,890,000 6,210,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information is available for the preparation of the government-wide financial statements for the City of
Northern Pines for the year ended June 30, 2020:
Expenses:
General government
Public safety
Public works
Health and sanitation
Culture and recreation
Interest on long-term debt, governmental type
Water and sewer system
Parking system
Revenues:
Charges for services, general government
Charges for services, public safety
Operating grant, public safety
Charges for services, health and sanitation.
Operating grant, health and sanitation
Charges for services, culture and recreation.
Charges for services, water and sewer
Charges for services, parking system
Property taxes
Sales taxes
Investment earnings, business-type
Special item-gain on sale of unused land, governmental type
Transfer from governmental activities to business-type activities
Net position, July 1, 2019, governmental activities
Net position, July 1, 2019, business-type activities
$ 10,000,000
23,000,000
11,890,000
6,210,000
4,198,000
1,021,000
11,550,000
419,000
1,110,000
1,410,000
698,000
2,355,000
1,210,000
2,198,000
12,678,000
298,000
27,112,000
20,698,000
319,000
1,250,000
888,000
12,222,000
22,333,000
From the above information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30,
2020. Northern Pines has no component units. (Negative entries should be entered with a minus sign and will appear in
parenthesis.)
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