The following is information for a county (in millions): Total governmental fund balances $ 138 Bonds...
The following is information for a county (in millions):
| Total governmental fund balances | $ 138 |
| Bonds payable-governmental funds | 690 |
| Accrued pension liabilities-governmental funds | 130 |
| Capital assets-governmental funds | 790 |
| Accrued other liabilities-governmental funds | 128 |
| Other long-term assets-governmental funds | 48 |
The net position of governmental activities is (in millions)
$ 28
$ 248
$1,568
$ 172
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The following is information for a county (in
millions):
Total governmental fund balances
$ 138
Bonds...
The following is information for a county (in millions): Total governmental fund balances $ 138 Bonds...
The following is information for a county (in millions): Total governmental fund balances $ 138 Bonds payable-governmental funds 690 Accrued pension liabilities-governmental funds 130 Capital assets-governmental funds 790 Accrued other liabilities-governmental funds 128 Other long-term assets-governmental funds 48 The net position of governmental activities is (in millions)
Following is the information concerning operating activity for Annette County. For the year ended June 30,...
Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the net change in total governmental fund balances was $(290,700), and the change in net position of governmental activities was $(423,600). During the year, Annette issued $2,150,000 in general obligation bonds at a premium of 102. The bonds are to be used for a construction project. The county acquired $2,900,000 in capital assets and sold capital assets with a book value of $570,500...
Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the ne...
Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the net change in total governmental fund balances was $(290,800), and the change in net position of governmental activities was S(403,800). During the year, Annette issued $2,160,000 in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $2,910,000 in capital assets and sold capital assets with a book value of $571,000...
Following is the information concerning operating activity for Annette County. For the year ended June 30,...
Following is the information concerning operating activity for Annette County. For the year ended June 30, the net change in total governmental fund balances was $(290 200), and the change in net position of governmental activities was $(393,600). During the year, Annette issued $2,100,000 in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $2,850,000 in capital assets and sold capital assets with a book value of $568,000...
Following is the information concerning operating activity for Annette County. For the year ended June 30,...
Following is the information concerning operating activity for Annette County. For the year ended June 30, the net change in total governmental fund balances was $(289,300), and the change in net position of governmental activities was $(398,400). During the year, Annette issued $2,010,000 in general obligation bonds at a premium of 102. The bonds are to be used for a construction project. The county acquired $2,760,000 in capital assets and sold capital assets with a book value of $563,500 for...
8. The City of Madison, a general purpose government, reported fund balances in the amount of...
8. The City of Madison, a general purpose government, reported fund balances in the amount of $19,700,000 in the governmental funds balance sheet dated December 31, 2017. In addition, the following information is relevant: A. General government capital assets amounted to $28,000,000. Accumulated depreciation of those capital assets amounted to $13,000,000. Enterprise fund capital assets amounted to $ 17,000,000 with accumulated depreciation of $ 8,400,000. B. Internal service fund's net assets amounted to $2,500,000. These were reported in the proprietary...
Reporting reconciliation between fund and government-wide financial statements Sai-Tu Village reported outstanding long-term bonds payable of $6,000,000 in the governmental activities column of its go...
Reporting reconciliation between fund and government-wide financial statements Sai-Tu Village reported outstanding long-term bonds payable of $6,000,000 in the governmental activities column of its government-wide statement of net position for the year ended December 31, 2019. During 2020, Sai-Tu Village sold $500,000 of new general obligation bonds and repaid $300,000 of bonds outstanding at the beginning of the year. Based on this information, determine the reconciliation amounts reported in the two funds’ financial statements to the two government-wide financial statements....
maning Marked out of 7.00 Major Funds Lenox County provides the following information on its governmental...
maning Marked out of 7.00 Major Funds Lenox County provides the following information on its governmental and enterprise funds: Expenditures Expenses Fund Assets Liabilities Revenues General fund 1680.000 s80.000 $72.000 $783000 Grants special revenue fund 55.000 43500 200,000 97,000 Parks and recreation spedal revenue fund 2.000 1,300 40,000 42,000 Licensed gaming special revenue fund 65,000 62,000 8,000 7,000 Roads capital projects fund 200,000 203.000 14.000- 12,000 120.000 Bridges capital projects fund 30.000 115,000 35.000 Buildings capital projects fund 40,000 30,000...
The City of Madison, a general purpose government, reported fund balances in the amount of $24,300,000 in the government...
The City of Madison, a general purpose government, reported fund balances in the amount of $24,300,000 in the governmental funds balance sheet dated December 31, 2018. In addition, the following information is relevant: A. General government fixed assets amounted to $37,000,000. Accumulated depreciation of those fixed assets amounted to $18,000,000. B. General long-term liabilities of the government amounted to $ 6,000,000. C. Property taxes, which should be recognized as receivables in the government-wide statements, amounted to $3,000,000. Property taxes recognized...
What is wrong with my answer below? Presented below is the Governmental Funds Balance Sheet for...
What is wrong with my answer below?
Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged in a single governmental activity. KARRENTON LIBRARY DISTRICT Governmental Funds Balance sheet As of December 31, 2017 General Fund Special Revenue Fund Total $ 126,699 6,150 $ 12,500 $ 138,500 6,150 96,500 7,700 29,209 96,589 7,709 248,859 228,659 $ $ Assets Cash and cash equivalents Inventories Receivables (net) Taxes receivable Due from general fund Total assets...
Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the net change in total governmental fund balances was $(290,700), and the change in net position of governmental activities was $(423,600). During the year, Annette issued $2,150,000 in general obligation bonds at a premium of 102. The bonds are to be used for a construction project. The county acquired $2,900,000 in capital assets and sold capital assets with a book value of $570,500...
Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the net change in total governmental fund balances was $(290,800), and the change in net position of governmental activities was S(403,800). During the year, Annette issued $2,160,000 in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $2,910,000 in capital assets and sold capital assets with a book value of $571,000...
Following is the information concerning operating activity for Annette County. For the year ended June 30, the net change in total governmental fund balances was $(290 200), and the change in net position of governmental activities was $(393,600). During the year, Annette issued $2,100,000 in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $2,850,000 in capital assets and sold capital assets with a book value of $568,000...
8. The City of Madison, a general purpose government, reported fund balances in the amount of $19,700,000 in the governmental funds balance sheet dated December 31, 2017. In addition, the following information is relevant: A. General government capital assets amounted to $28,000,000. Accumulated depreciation of those capital assets amounted to $13,000,000. Enterprise fund capital assets amounted to $ 17,000,000 with accumulated depreciation of $ 8,400,000. B. Internal service fund's net assets amounted to $2,500,000. These were reported in the proprietary...
maning Marked out of 7.00 Major Funds Lenox County provides the following information on its governmental and enterprise funds: Expenditures Expenses Fund Assets Liabilities Revenues General fund 1680.000 s80.000 $72.000 $783000 Grants special revenue fund 55.000 43500 200,000 97,000 Parks and recreation spedal revenue fund 2.000 1,300 40,000 42,000 Licensed gaming special revenue fund 65,000 62,000 8,000 7,000 Roads capital projects fund 200,000 203.000 14.000- 12,000 120.000 Bridges capital projects fund 30.000 115,000 35.000 Buildings capital projects fund 40,000 30,000...
What is wrong with my answer below?
Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged in a single governmental activity. KARRENTON LIBRARY DISTRICT Governmental Funds Balance sheet As of December 31, 2017 General Fund Special Revenue Fund Total $ 126,699 6,150 $ 12,500 $ 138,500 6,150 96,500 7,700 29,209 96,589 7,709 248,859 228,659 $ $ Assets Cash and cash equivalents Inventories Receivables (net) Taxes receivable Due from general fund Total assets...
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