(Preparation of statement of activities)

The following information is taken from Hamilton Township's December 31, 2004, trial balance after all adjustments had been made for preparation of the

government-wide financial statements. Hamilton Township has governmental activities, but no business-type activities

Required: Prepare, using the appropriate format, a statement of activities for the Town of Hamilton for the year ended December 31, 2004.

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Revenues-property taxes $3,250,000 Revenues sales taxes 2,175,000 State operating aid-police program 410,000 State operating aid-town road maintenance 250,000 Fees State capital aid-town road maintenance sanitation 50,000 75,000 Fees-programs for youth and seniors 65,000 Fees-parks admissions 85,000 Revenue from disposal of donated property 425,000 General government expenses 625,000 Police program expenses 2,615,000 Road maintenance program expenses 975,000 Sanitation program expenses 1,410,000 Parks and recreation programs expenses 525,000 Youth and senior programs expenses 325,000 Net assets beginning of year 3,125,000