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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 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 business-type activities to governmental activities Net position, July 1, 2023, governmental activities Net position, July 1, 2023, business-type activities Required: $ 12,660,000 27,351,000 12,922,000 6,877,000 5,028,000 471,000 12,223,000 461,000 1,482,000 237,500 902,800 2,664,200 1,368,100 2,485,000 13,100,400 437,900 30,598,200 23,359,900 366,400 1,408,800 789,700 9,250,600 2,595,000 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. Note: Negative amounts should be indicated by a minus sign.

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 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 business-type activities to governmental activities Net position, July 1, 2023, governmental activities Net position, July 1, 2023, business-type activities Required: $ 12,660,000 27,351,000 12,922,000 6,877,000 5,028,000 471,000 12,223,000 461,000 1,482,000 237,500 902,800 2,664,200 1,368,100 2,485,000 13,100,400 437,900 30,598,200 23,359,900 366,400 1,408,800 789,700 9,250,600 2,595,000 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. Note: Negative amounts should be indicated by a minus sign.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 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 business-type activities to governmental activities Net position, July 1, 2023, governmental activities $ 12,660,000 27,351,000 12,922,000 6,877,000 5,028,000 471,000 12,223,000 461,000 1,482,000 237,500 902,800 2,664,200 1,368,100 2,485,000 13,100,400 437,900 30,598,200 23,359,900 366,400 1,408,800 789,700 9,250,600 2,595,000 Net position, July 1, 2023, business-type activities 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. Note: Negative amounts should be indicated by a minus sign.
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, 2024: 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 business-type activities to governmental activities Net position, July 1, 2023, governmental activities $ 12,660,000 27,351,000 12,922,000 6,877,000 5,028,000 471,000 12,223,000 461,000 1,482,000 237,500 902,800 2,664,200 1,368,100 2,485,000 13,100,400 437,900 30,598,200 23,359,900 366,400 1,408,800 789,700 9,250,600 2,595,000 Net position, July 1, 2023, business-type activities 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. Note: Negative amounts should be indicated by a minus sign.
CITY OF NORTHERN PINES Statement of Activities Year Ended June 30, 2024 Functions or Programs Expenses Governmental Activities: Total Governmental Activities Business-Type Activities: Total Business-Type Activities Total Primary Government General Revenues: Total General Revenues Change in Net Position Net Position, Beginning Net Position, Ending Charges for Services Operating Grants Governmental Activities Primary Government Business-Type Activities Total
Transcribed Image Text:CITY OF NORTHERN PINES Statement of Activities Year Ended June 30, 2024 Functions or Programs Expenses Governmental Activities: Total Governmental Activities Business-Type Activities: Total Business-Type Activities Total Primary Government General Revenues: Total General Revenues Change in Net Position Net Position, Beginning Net Position, Ending Charges for Services Operating Grants Governmental Activities Primary Government Business-Type Activities Total
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