E 20-15 Governmental fund reconciliation to total net position The following data are available from the City of Boulder’s financial records on September 30, 2016:

a. The net change in fund balance—total governmental funds for the city is $1,408,950.

b. The city purchased general fixed assets at a historical cost of $225,000 during the year. No depreciation is recorded in the year of purchase.

c. Grants receivable in the amount of $165,000 are recorded as revenue collected in advance in the fund statements but would be recognized as revenue under accrual accounting.

d. A capital lease payable in the amount of $75,000 has been recorded as an expenditure in the general fund. The related long-term debt at year-end is $55,000.

e. General long-term debt in the amount of $350,000 has been issued and recorded in the general fund.

REQuIRED: Determine the city’s change in net position of governmental activities that will appear in the government-wide statements.

p R O B L E M S P 20-1 Preparation of a general fund balance sheet The unadjusted trial balance for the general fund of the City of Orchard Park at December 31, 2016, is as follows:

Debit Credit Accounts receivable $25,000 —

Allowance for bad debts — $2,000 Allowance for uncollectible taxes — 30,000 Appropriations — 900,000 Cash 40,000 —

Due from agency fund 10,000 —

Due to utility fund — 20,000 Encumbrances 50,000 —

Estimated revenues 910,000 —

Expenditures 858,000 —

Fund balance—unassigned — 26,000 Reserve for encumbrances — 50,000 Revenues — 910,000 Taxes receivable—delinquent 210,000 —

Taxes received in advance — 10,000 Vouchers payable — 155,000

$2,103,000 $2,103,000 Accounting for State and Local Governmental Units—Governmental Funds 705 Supplies on hand at December 31, 2016, are $3,000. The $50,000 encumbrance relates to equipment ordered November 28 for the Department of Public Works but not received by year-end. The equipment purchase was approved by the City Council.

REQuIRED: Prepare a balance sheet for the general fund of the City of Orchard Park at December 31, 2016.