48 CHAPTER 13 Financial Repor C13-2 (Net Position and Statement of Activities-City of Ashland, Oregon) Selected financ information of the City of Ashland, Oregon, is presented in the following table and narrati The information is for the year ended June 30, 20X6. Governmental Activities Business-Type Activities Account $7.574,073 $12.951.383 Cash and cash equivalents-Unrestricted... 1,700,000 Cash and cash equivalents-Restricted - by capital grant t 8,559,612 1945.107 19.563,238 21,782,188 Land. Buildings 12,405,182 636,100 Machinery and equipment.. 41,047,189 80,305,280 Infrastructure 798,324 2,998,341 Construction in progress 33,506,950 28,803,335 Accumulated depreciation 587,720 Accrued interest payable on bonds 590,000 1475,373 Bonds payable due in one year.. 5,731,134 40,366.883 Bonds payable due in more than one year. 800,000 300,000 Capital lease liability Revenues: 7,820,613 22.205.195 Charges for services. 141,500 79,665 Operating grants. 502,153 Capital grants. 256,648 518.136 Unrestricted interest earnings. 2,970,566 86,335 Property taxes 2.323,390 Utility users tax. 1,784,302 1,573,251 Users tax. 1.525,220 State appropriations-unrestricted Expenses: 2,818,129 General government 7,903,054 Public safety 2,419,380 Highways and streets 4974536 Water 4.397.923 Wastewater Electric. 12,831,758 Telecommunications 4,182,956 Interest on long-term debt.. 637,146 Total Net Position, Beginning.. 45,144,447 57,044,000 The charges for services were earned by departments associated with the following functions Restricted for use of depariment Revenues generated by departments in the function of that generated the revenues Restricted for use by another department Not restricted for soe by a particular department $ $2,000,000 S 1,556,909 2,215,629 1,700,000 348,075 4531.512 2,839,685 7,045,360 5,050,003 2,738,635 OS TRA General government. Public safety Highways and streets. Water. Wastewater. Electric Telecommunications. Finally, the operating grants were for public safety, $141,500; water, $43,622; and electric, $36,043. The capital grants were for public safety, $299,171, and highways and streets, $202,982. Transfers from business-type activities to governmental activities of $518,138 were made during the year to subsidize the cost of a major general government capital project. amos 2. Prepare a schedule to calculate the amount of Net Investment in Capital Assets, for gov- Require ernmental activities and for business-type activities that Ashland should report in its Government-Wide Statement of Net Position at June 30, 20X6. Assume that all bonds pay- able were issued to finance construction projects. b. Prepare the Statement of Activities for the City of Ashland, Oregon, for the year ended June 30, 20X6. (Adapted from a recent Comprehensive Annual Financial Report of the City of Ashland, Oregon.) 2TM3M3TAT2 JALDMAMIR O RAH 2TMEDENISDEM