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.
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.
Oh no! Our experts couldn't answer your question.
Don't worry! We won't leave you hanging. Plus, we're giving you back one question for the inconvenience.
Submit your question and receive a step-by-step explanation from our experts in as fast as 30 minutes.
You have no more questions left.
Message from our expert:
Sorry, our expert can’t provide a solution for this question. Your question has been credited back for next time.
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.
Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education