3 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, 2020: 1 points Expenses: General government Public safety Public works Health and sanitation Culture and recreation Interest on long-term debt, governmental type Water and sewer system Parking system Revenues Charges for services, general government Charges for services, public safety Operating grant, public safety Charges for services, health and sanitation Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, parking system Property taxes Sales taxes Investment earnings, business-type Special item-gain on sale of unused land, governmental type Transfer from governmental activities to business-type activities Net position, July 1, 2019, governmental activities Net position, July 1, 2019, business-type activities $ 9,640,000 23,200,000 12,090,000 6,230,000 4,219,000 1,023,000 11,750,000 412,000 1,101,000 1,430,000 700,000 2,375,000 1,230,000 2,161,000 12,898,000 292,000 27,100,000 20,898,000 312,000 1,235,000 865,000 12,422,000 22,533,000 From the above information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2020. Northern Pines has no component units. (Negative entries should be entered with a minus sign and will appear in parenthesis.) Answer is complete but not entirely correct. 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 Governmental Activities: General Government Public Safety Public Works Expenses Charges for Services Operating Grants Governmental Activities Business- Type Activities Total $9,640,000 $ 1,101,000 Is (8,539,000) 23,200,000 1,430,000 700,000 (21,070,000) 0 12,090,000 0 (12,090,000) S (8,539,000) (21,070,000) (12,090,000) Health and Sanitation 6,230,000 Culture and Recreation Interest on Long-Term Debt 4,219,000 1,023,000 2,375,000 2,161,000 1,230,000 (2,625,000) (2,058,000) (1,023,000) (2,625,000) (2,058,000) (1,023,000) 0 Total Governmental Activities $ 56,402,000 $ 7,067,000 $ 1,930,000 $ (47,405,000) $ 0 $ (47,405,000) Business-Type Activities: Water and Sewer System Parking System Total Business-Type Activities Total - Primary Government General Revenues: Property Taxes Sales Taxes Investment Earnings Special Item-Gain on Sale of Land Transfers Total General Revenues, Special Items, and Transfers Change in Net Position Net Position, Beginning of Year Net Position, End of Year $ 11,750,000 $12,898,000 412,000 292,000 $ 12,162,000 $ 13,190,000 $ $ 1,148,000 $ (120,000) 1,148,000 (120,000) 0 0 0 $ $ (47,405,000) $ 1,028,000 $ 1,028,000 1,028,000 $ (46,377,000) $ 68,564,000 $ 20,257,000 $ 1,930,000 $ 27,100,000 S 27,100,000 20,898,000 312,000 20,898,000 312,000 1,235,000 (865,000) 1,235,000 865,000 0 0 $ 48,368,000 $ 1,177,000 $ 49,545,000 $ 963,000 $ 12,422,000 140,000 $ 22,533,000 1,103,000 34,955,000 $ 13,385,000 $ 22,673,000 S 36,058,000