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, 2024: Expenses:   General government $ 9,840,000 Public safety 23,400,000 Public works 12,290,000 Health and sanitation 6,250,000 Culture and recreation 4,241,000 Interest on long-term debt, governmental type 1,025,000 Water and sewer system 11,950,000 Parking system 416,000 Revenues:   Charges for services, general government 1,121,000 Charges for services, public safety 1,450,000 Operating grant, public safety 702,000 Charges for services, health and sanitation 2,395,000 Operating grant, health and sanitation 1,250,000 Charges for services, culture and recreation 2,181,000 Charges for services, water and sewer 13,118,000 Charges for services, parking system 294,000 Property taxes 27,300,000 Sales taxes 21,098,000 Investment earnings, business-type 314,000 Unusual or infrequent items: fire loss governmental activities 1,255,000 Transfer from governmental activities to business-type activities 867,000 Net position, July 1, 2023, governmental activities 12,622,000 Net position, July 1, 2023, business-type activities 22,733,000 Required: From the previous information, prepare a Statement of Activities for the city of Northern Pines for the year ended June 30, 2024. Northern Pines has no component units.

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Your Question:

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, 2024:

Expenses:  
General government $ 9,840,000
Public safety 23,400,000
Public works 12,290,000
Health and sanitation 6,250,000
Culture and recreation 4,241,000
Interest on long-term debt, governmental type 1,025,000
Water and sewer system 11,950,000
Parking system 416,000
Revenues:  
Charges for services, general government 1,121,000
Charges for services, public safety 1,450,000
Operating grant, public safety 702,000
Charges for services, health and sanitation 2,395,000
Operating grant, health and sanitation 1,250,000
Charges for services, culture and recreation 2,181,000
Charges for services, water and sewer 13,118,000
Charges for services, parking system 294,000
Property taxes 27,300,000
Sales taxes 21,098,000
Investment earnings, business-type 314,000
Unusual or infrequent items: fire loss governmental activities 1,255,000
Transfer from governmental activities to business-type activities 867,000
Net position, July 1, 2023, governmental activities 12,622,000
Net position, July 1, 2023, business-type activities 22,733,000

Required:

From the previous information, prepare a Statement of Activities for the city of Northern Pines for the year ended June 30, 2024. Northern Pines has no component units.

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