ZuoTi.Pro
Question

The following Information is available for the preparation of the government-wide financial statements for the City...

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, 2017:

Expenses:

  1. General Government - $9,440,000
  2. Public Safety - $23,383,000
  3. Public Works - $11,862,000
  4. Health and sanitation - $6,042,000
  5. Culture and Recreation - $4,085,000
  6. Interest on long-term debt, governmental type - $993,000
  7. Water and Sewer System - $11,234,000
  8. Parking System - $408,000

Revenues:

  1. Charges for Services, general governmental - $1,081,000
  2. Charges for Services, public safety - $1,179,000
  3. Operating Grant – public safety - $680,000
  4. Charges for services, health and sanitation – 2,489,000
  5. Operating grant, health and sanitation - $1,179,000
  6. Charges for services, culture and recreation - $2,141,000
  7. Charges for services, water and sewer - $12,349,000
  8. Charges for services, parking system - $290,000
  9. Property taxes - $26,384,000
  10. Sales taxes - $20,143,000
  11. Investment earnings, business-type - $310,000

Special item-gain on sale of unused land, governmental type - $1,215,000

Transfer from governmental activities to business-type activities - $863,000

Net position, July 1, 2016, governmental activities - $11,101,000

Net position, July 1, 2016, business-type activities - $21,705,000

From the above information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2017. Northern Pines has no component units. (Net Expenses should be entered as a negative).

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

✔ Recommended Answer
Answer #1

hes xemse esies 35 Aches Ac biuhes 3,35409 (3359,000) (1,362,0c) (1944005) coO L,ooo l 36200) (23 7yo) (1444 Puylic wasks 1L,362,000 (4 430 GD) Achu bes waters seudes S3S 30 Total Busess Gu2oo too Aches 420001239 46051905achu cbia be 26 38 26,384 up 204300 1,215,65 463 1qoos sales Takes 3,locos secial Tlem Gain an Sele of land 363000 Gernerad Pevuemus, seciat items 1173.06 1-t Chenge m vet Pasihon 伈stron, Besnmn seay 33 s Thank yor

5 0
Add a comment
Know the answer?
Add Answer to:
The following Information is available for the preparation of the government-wide financial statements for the City...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Similar Homework Help Questions

  • The following information is available for the preparation of the government-wide financial statements for the City...

    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, 2017: Expenses: General government $ 9,440,000 Public safety 22,383,000 Public works 11,862,000 Health and sanitation 6,042,000 Culture and recreation 4,085,000 Interest on long-term debt, governmental type 993,000 Water and sewer system 11,234,000 Parking system 408,000 Revenues: Charges for services, general government 1,081,000 Charges for services, public safety 1,179,000 Operating grant, public safety 680,000 Charges for...

  • The following information is available for the preparation of the government-wide financial statements for the City...

    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, 2017: Expenses: General government $ 11,760,000 Public safety 23,900,000 Public works 11,290,000 Health and sanitation 6,010,000 Culture and recreation 4,398,000 Interest on long-term debt, governmental type 721,000 Water and sewer system 10,710,000 Parking system 409,000 Revenues: Charges for services, general government 1,310,000 Charges for services, public safety 210,000 Operating grant, public safety 798,000 Charges for...

  • 2-8. The following information is available for the preparation of the government- wide financial statements for...

    2-8. 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, 2017: Expenses: General government $ 9,700,000 Public safety 23,000,000 Public works 12,190,000 Health and sanitation 6,210,000 Culture and recreation 4,198.000 Interest on long-term debt, governmental type 1.021,000 Water and sewer system 11,550,000 Parking system 419.000 Revenues Charges for services, general government 1.110,000 Charges for services, public safety 1,210,000 Operating grant, public safety 698.000...

  • Problem 17-9(LO 3) Statement of activities. From the following information, prepare a statement of activities for...

    Problem 17-9(LO 3) Statement of activities. From the following information, prepare a statement of activities for the city of Rose as of June 30, 2019. Expenses General government Public works Culture and recreation $1,300,000 240,000 1,000,000 650,000 450,000 60,000 1,500,000 45,000 Revenues: Operating grant, public safety Charges for services, health and sanitation..... Operating grant, health and sanitation . …····.. . . . . . . . . … Charges for services, culture and recreation..... . .. . .. Charges for...

  • CITY OF NORTHERN PINES Statement of Activities For the Year Ended June 30, 2020 Program Revenues...

    CITY OF NORTHERN PINES Statement of Activities For the Year Ended June 30, 2020 Program Revenues Net (Expense) Revenue and Change in Net Position Functions/Programs Expenses Charges for Services Operating Grants Governmental Activities Business-Type Activities Total Governmental Activities: General Government $9,540,000 $1,091,000 $(8,449,000) $(8,449,000) Culture and Recreation 4,128,000 2,160,000 (1,968,000) (1,968,000) Health and Sanitation 6,107,000 2,511,000 1,189,000 (2,407,000) (2,407,000) Public Safety 22,620,000 1,190,000 686,000 (20,744,000) (20,744,000) Public Works 11,988,000 (11,988,000) (11,988,000) Interest on Long-Term Debt 1,004,000 (1,004,000) (1,004,000) 0 Total...

  • The following information is available for the preparation of the government-wide financial statements for the City...

    The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2017: Cash and cash equivalents, governmental activities $ 3,400,000 Cash and cash equivalents, business-type activities 777,000 Receivables, governmental activities 574,000 Receivables, business-type activities 1,175,000 Inventories, business-type activities 459,000 Capital assets, net, governmental activities 9,357,000 Capital assets, net, business-type activities 10,019,000 Accounts payable, governmental activities 574,000 Accounts payable, business-type activities 582,000 Noncurrent liabilities, governmental activities 4,813,000 Noncurrent liabilities,...

  • The following information is available for the preparation of the government-wide financial statements for the City...

    The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2020: Cash and cash equivalents, governmental activities $ 540,000 Cash and cash equivalents, business-type activities 1,136,000 Receivables, governmental activities 642,000 Receivables, business-type activities 1,893,000 Inventories, business-type activities 744,000 Capital assets, net, governmental activities 19,311,000 Capital assets, net, business-type activities 10,156,000 Accounts payable, governmental activities 925,000 Accounts payable, business-type activities 799,000 General obligation bonds, governmental activities 11,147,000 Revenue...

  • The following information is available for the preparation of the government-wide financial statements for the City...

    The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2020 Cash and cash equivalents, governmental activities Cash and cash equivalents, business-type activities Receivables, governmental activities Receivables, business-type activities Inventories, business-type activities Capital assets, net, governmental activities Capital assets, net, business-type activities Accounts payable, governmental activities Accounts payable, business-type activities Noncurrent liabilities, governmental activities Noncurrent liabilities, business-type activities Net position, net Investment in capital assets, governmental activities...

  • The following information is available for the preparation of the government-wide financial statements for the City...

    The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2017: Cash and cash equivalents, governmental activities $ 440,000 Cash and cash equivalents, business-type activities 926,000 Receivables, governmental activities 522,000 Receivables, business-type activities 1,542,000 Inventories, business-type activities 604,000 Capital assets, net, governmental activities 15,680,000 Capital assets, net, business-type activities 8,246,000 Accounts payable, governmental activities 754,000 Accounts payable, business-type activities 649,000 General obligation bonds, governmental activities 9,056,000 Revenue...

  • The following information is available for the preparation of the government-wide financial statements for the City...

    The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2017: Cash and cash equivalents, governmental activities $ 3,120,000 Cash and cash equivalents, business-type activities 713,000 Receivables, governmental activities 527,000 Receivables, business-type activities 1,079,000 Inventories, business-type activities 422,000 Capital assets, net, governmental activities 8,603,000 Capital assets, net, business-type activities 9,212,000 Accounts payable, governmental activities 528,000 Accounts payable, business-type activities 536,000 Noncurrent liabilities, governmental activities 4,432,000 Noncurrent liabilities,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT