Current Attempt in Progres! Whispering issued an 9%, 10-year $1,800,000 bond to build a monorail mass transit system. The city received $1,587,988 cash from the bond issuance on January 1, 2025. The bond yield is 11%. Interest is paid annually on December 31 of each year. Disclosure information about capital assets is reported below. Disclosure of Information about Capital Assets for the Year Ending December 31, 2025 Primary Government Ending Governmental Activities Beginning Balance Additions Retirements Balance $510,000 Land $510,000 Building 760,000 760,000 Machinery and Equipment 950,000 $(227,000) 723,000 Construction in Progress $1,500,000 1,500,000 Infrastructure 450,000 450,000 Totals at historical cost $2,670,000 $1,500,000 $(227,000) $3,943,000 Less accumulated depreciation Building (190,000) (59,650) (249,650) assets, net $2,193,000 $1,330,450 $(86,000) $3,437,450 Depreciation expense charged to governmental activities as follows: Public Safety. $56,000 General Government 72,000 Highways and Streets 26,000 Sanitation 15,550 $169,550 Whispering's governmental funds financial statements are as follows: Whispering Governmental Funds Fund Balance Sheets at December 31, 2025 Capital Projects Fund Debt Service Total Governmental Fund Funds General Assets Fund Monorail Fund Term Bond Fund Q Search O Governmental Activities Balance Additions Retirements Balance $510,000 Land $510,000 760,000 Building 760,000 Machinery and Equipment 950,000 $(227,000) 723,000 Construction in Progress $1,500,000 1,500,000 Infrastructure 450,000 $450,000 Totals at historical cost $2,670,000 $1,500,000 $(227,000) $3,943,000 Less accumulated depreciation Building (190,000) (59,650) (249,650) Machinery and Equipment (237,000) (76,100) 141,000 (172,100) Infrastructure (50,000) (33,800) (83,800) Total accumulated depreciation. $(477,000) $(169,550) $141,000 $(505,550) Governmental activities capital assets, net $2,193,000 $1,330,450 $(86,000) $3,437,450 Depreciation expense charged to governmental activities as follows: seccoon vvnispering s governmental runas ninanciar statements are as follows: Whispering Governmental Funds Fund Balance Sheets at December 31, 2025 Capital Debt Total Projects Service Fund Fund Governmental Funds General Assets Fund Monorail Fund Term Bond Fund Cash $65,000 $301,000 $- $366,000 Interest Receivable 13,000 4,000 17,000 Investments 99,000 1,241,000 99,000 1,439,000 Property Tax Receivable 187,000 187,000 Total Assets $351,000 $1,555,000 $103,000 $2,009,000 Liabilities and Fund Balance Vouchers Payable Total Liabilities $72,000 $50,000 $122,000 $72,000 $50,000 $122,000 Question 1 of 3 < > Fund Balances: Restricted for: Capital projects Debt Service Assigned for encumbrance Unassigned Total Fund Balance 1.505.000 163.000 1.585.000 103,800 192.000 183.000. 87.000 87,000 279 809 1.505.000 103,000 1.887,000 Total Liabilities and Fund Balances $851,000 $1,555,000 $103.000 $2,009,000 Whispering Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the Year Ended December 31, 2025 Capital Projects Fund Debt Service Fund Total Governmental Funds General Fund Monorail Fund Term Bond -/1 E Whispering Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the Year Ended December 31, 2025 Capital Projects Fund Debt Service Total Governmental Fund Funds General Fund Monorail Fund Term Bond Revenues Property Taxes $525,000 Licenses and Permits 150,000 State Grant-highways and streets 250,000 $1,000,000 Intergovernmental-state grant Charges for Services (general 130,000 government) Investment Earnings Total Revenue $50,000 $575,000 150,000 250,000 1,000,000 130,000 75,000 75,000 $1,130,000 $1,000,000 $50,000 $2,180,000 Expenditures Public Safety $500,000 General Government 300,000 $500,000 300,000 Highways and Streets 130,000 Sanitation 70,000 Debt Service Interest Capital Outlay Total Expenditures 130,000 70,000 $162,000 162,000 $1,500,000 1,500,000 $1,000,000 $1,500,000 $162,000 $2,662,000 Excess (deficiency) of revenues over expenditures $130,000 ($500,000) ($112,000) ($482,000) Other Financing Sources (Uses) Proceeds from long-term capital debt Transfers in Transfers out $(162,000) . $1,587,988 $1,587,988 $162,000 162,000 (162,000) Other Financing Sources (Uses) Proceeds from long-term capital debt Transfers in $1,587,988 $1,587,988 $162,000 162,000 Transfers out $(162,000) (162,000). Total other $(162,000) $1,587,988 $162,000 $1,587,988 Special Items Proceeds from sales of equipment $115,000 $115,000 Net change in fund balance 83,000 1,087,988 50,000 1,220,988 Fund balance-beginning 189,000 417,012 60,000 666,012 Fund balance-ending $272,000 $1,505,000 $110,000 $1.887,000 Revenues from licenses and permits are assigned to highways and streets ($100,000) and to the general government ($50,000). Using the information above, prepare the statement of activities and the statement of net position on a government-wide basis (using full accrual accounting). The beginning fund balance in the government-wide Statement of Net Position is $2.859.012. (Round answers *Revenues from licenses and permits are assigned to highways and streets ($100,000) and to the general government ($50,000). Using the information above, prepare the statement of activities and the statement of net position on a government-wide basis (using full accrual accounting). The beginning fund balance in the government-wide Statement of Net Position is $2,859,012. (Round answers to O decimal places. e.g. 5,125.) Functions/Programs Primary Government Governmental Activities 10 Whispering Statement of Activites -Government-Wide For the Year Ended December 31, 2025 Expenses (a) Search Program Revenues Charges for Services Grants and Contributions A Functions/Programs Primary Government Governmental Activities Whispering Statement of Activites -Government-Wide For the Year Ended December 31, 2025 Program Revenues Grants and Contributions Charges for Expenses (a) Services A Search SA