33,200 19,700 8,700 5, 100 JUICE General government Public safety Public works (all prepaid as of the end of the year) Health and sanitation Miscellaneous: General government Public safety Public works Health and sanitation Interest on previous debt Principal payment on previous debt Interest on new debt Building (public works) Equipment (public safety) Public works supplies (30% still held) Investments Ordered but not received: Equipment Supplies Due at end of year: Salaries: General government Public safety Public works 16,900 18,100 12,250 10,300 29,120 15,000 20, 430 222,000 105,000 23,600 122,000 28,750 11,300 14,700 18,050 5,700 On the last day of the year, the city borrows $68,000 from a local bank and uses the money to buy a truck. The first payment on the loan (plus interest) will be made at the end of the next year. The city opens a landfill this year that it records within its general fund. It is a public works function. Closure costs today is estimated as $306,500 although officials do not expect the landfill to be filled for nine more years. The city has incurred no costs to date. The landfill is now 15 percent filled. For the equipment and supplies that were ordered but not yet received, the City Council (the highest decision-making body in the government) has voted to honor the commitment when the items arrive. $306,500 although officials do not expect the landfill to be filled for nine more years. The city has incurred no costs to date. The landfill is now 15 percent filled. For the equipment and supplies that were ordered but not yet received, the City Council (the highest decision-making body in the government) has voted to honor the commitment when the items arrive. The new building is depreciated over 20 years using the straight-line method and no residual value. Depreciation of the equipment is similar except that its life is only 10 years. Assume the city records a full year's depreciation in the year of acquisition. The investments have a market value of $127,000 at year-end. a-1. Prepare a statement of activities for governmental activities in government-wide financial statements for December 31, 2020, and the year then ended. a-2. Prepare a statement of net position for governmental activities in government-wide financial statements for December 31, 2020, and the year then ended. b-1. Prepare a statement of revenues, expenditures, and other changes in fund balances for the general fund in fund financial statements as of December 31, 2020, and the year then ended. Assume the purchases method is applied. b-2. Prepare a balance sheet for the general fund in fund financial statements as of December 31, 2020, and the year then ended. Assume the purchases method is applied. For Year Ended December 31, 2020 Program Revenues Charges for Grants and Services Contributions Net (Expense) Revenue and Changes in Net Position Governmental Total Activities Functions/Programs Expenses Governmental activities: $ 0 $ 0 $ 0 $ 0 $ 0 Total governmental activities General revenues: $ 0 $ 0 Total general revenues Change in net position: Change during 2020 0 0 $ 0 $ 0 CITY OF BERNARD Statement of Net Position December 31, 2020 Governmental Activities Totals Assets: Current assets: 0 $ 0 Total current assets Capital assets: $ 0 $ 0 Total assets Liabilities: Current liabilities: 0 $ Total assets Liabilities: Current liabilities: Noncurrent liabilities: 0 $ Total liabilities Net position: Total net position 017 0 $ 0 Debt service: Capital outlay: 0 Total expenditures Excess (deficiency) of revenues over expenses Other financing sources: $ 0 $ 0 Total other financing sources Net changes in fund balance 0 $ 0 CITY OF BERNARD Balance Sheet Governmental Funds December 31, 2020 General Fund Assets: $ 0 Total assets Liabilities and fund balances: Liabilities: Fund balances: $ 0 Total liabilities and fund balance 0