$1,000s): 1. Recognize Capital Assets of $979,320 as of the beginning of the year. 2. Record Depreciation Expense of $50,416 for the year and reverse Expenditures of $60,099 for Capital Outlays during the year. 3. Recognize $7,000 of Bonds Payable as of the beginning of the year. 4. Reverse Other Financing Sources of $2,000 and Expenditures-Debt Payments of $700 relating to increases and decreases in the bond liability during the year. 5. Reverse Deferred Revenue of $143,600 as of the beginning of the year. 6. Reverse $6,630 of Deferred Revenue recognized during the year. 7. Recognize Compensated Absences of $21,366 as of the beginning of the year and an increase in that liability of $2,968 during the year. 8. Recognize $20 of Accrued Interest Payable as of the beginning of the year and an increase in that liability of $33 during the year. 9. Recognize a liability of $28,629 relating to the City's landfill as of the beginning of the year. The estimate for this liability did not change during the year.

Reconciliations required to yield government-wide financial statements frem fund financial statemets and preparation of Rinancial stalementi 3 Recognide 57,000 of bonds Projable as of the befinning of the year. 5. Heverte Deferred Reventir of $4.43,600 in of the beginsing of the year 6. Rinese $5,630 of Deferred Revenue recogrited during the year. b. The City of Jackson Hole reports the following summary fund financial statements for its General Fund