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13 TBS-038013 EXHIBITS close all Information exhibits Information Scroll down to complete all parts of this task. The financial statements of Tarbet Township contain the
13 TBS-038013 EXHIBITS close all Information exhibits Information Scroll down to complete all parts of this task. The financial statements of Tarbet Township contain the following data regarding operating results Changes in governmental fund balances 750,000 Capital outlay expenditures 350.000 Debt service expenditures - principal 80.000 Debt service expenditures - interest 125.000 Proceeds from issuance of long-term debt 1.250.000 Net revenue from enterprise funds 650,000 Net revenue from internal service funds 15.000 Change in net assets for fiduciary funds 235.000 Depreciation on general governmental assets 175,000 Note: The data required to answer this question is located in the exhibit. In the spreadsheet below, determine the amount and manner in which each line item would be handled in reconciling the net change in fund balance to the change in net assets, government activities. Enter decreases as negative numbers. B 1 Net change in fund balance $750,000 2 Capital outlay expenditures 3 Principal payments on debt 123 4 Asset disposal 123 5 Sources of funds (bond proceeds) 123 6 Revenue accrual 123 7 Interest accrual 123 8 Depreciation expense 9 Internal service fund net income 10 Change in net position, governmental activities $750,000 13 TBS-038013 EXHIBITS close all Information exhibits Information Scroll down to complete all parts of this task. The financial statements of Tarbet Township contain the following data regarding operating results Changes in governmental fund balances 750,000 Capital outlay expenditures 350.000 Debt service expenditures - principal 80.000 Debt service expenditures - interest 125.000 Proceeds from issuance of long-term debt 1.250.000 Net revenue from enterprise funds 650,000 Net revenue from internal service funds 15.000 Change in net assets for fiduciary funds 235.000 Depreciation on general governmental assets 175,000 Note: The data required to answer this question is located in the exhibit. In the spreadsheet below, determine the amount and manner in which each line item would be handled in reconciling the net change in fund balance to the change in net assets, government activities. Enter decreases as negative numbers. B 1 Net change in fund balance $750,000 2 Capital outlay expenditures 3 Principal payments on debt 123 4 Asset disposal 123 5 Sources of funds (bond proceeds) 123 6 Revenue accrual 123 7 Interest accrual 123 8 Depreciation expense 9 Internal service fund net income 10 Change in net position, governmental activities $750,000
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