Following is the governmental activities pre-closing trial balance for the Town of Freaz. Freaz is a relatively small town and, as a result, it has only governmental funds (i. e., it uses no proprietary funds). There are no component units. To complete the financial statements for its annual report, the town must prepare a government-wide statement of net position and a statement of activities.

TOWN OF FREAZ
Pre-closing Trial Balance
As of June 30, 2017
(000s omitted)
	Debits				Credits
Cash	$	3,644
Investments		7,304
Taxes ReceivableDelinquent		5,793
Allowance for Uncollectible Delinquent Taxes					$	54
Due from Other Funds		650
Due from Other Governments		6,353
Land		8,745
Buildings		25,730
Accumulated DepreciationBuildings						8,026
Infrastructure		85,778
Accumulated DepreciationInfrastructure						45,613
Machinery & Equipment		28,770
Accumulated DepreciationMachinery & Equipment						13,810
Accounts Payable						7,504
Accrued Liabilities						4,790
Due to Other Funds						758
Current Portion of Long-term Debt						8,650
Bonds Payable						28,950
Net PositionNet Investment in Capital Assets						45,214
Net PositionRestricted for Debt Service						2,148
Net PositionUnrestricted						6,608
Program RevenuesGeneral Government Charges for Services						4,416
Program RevenuesPublic Safety Charges for Services						1,016
Program RevenuesCulture & Recreation Charges for Services						364
Program RevenuesGeneral Government Operating Grants & Contributions						312
Program RevenuesPublic Works Capital Grants & Contributions						1,690
General RevenuesProperty Taxes						13,690
General RevenuesInterest & Penalties						756
General RevenuesInterest Income						370
ExpensesGeneral Government		2,478
ExpensesPublic Safety		11,592
ExpensesPublic Works		5,316
ExpensesCulture & Recreation		1,832
ExpensesInterest on Long-term Debt		754
	$	194,739			$	194,739

The restricted net position for debt service increased $97 for FY 2017. The net position accounts do not reflect FY 2017 depreciation of $1,240 that was allocated to the functions of government, or the towns decision to designate $950 for street repair. (All 000s omitted.)

Required

Using the trial balance provided by the town, prepare a government-wide statement of net position. (Enter your answers in thousands.)

Taxes Receivable (Net)

TOWN OF FREAZ
Statement of Net Position
As of June 30, 2017
(000s Omitted)
Assets
Current Assets:
Cash
Investments
Taxes Receivable (Net)
Due from Other Governments
Total Current Assets		0
Capital Assets:
Land
Other Capital Assets (Net of Depreciation)
Buildings (Net)
Total Capital Asstes		0
Total Assets		0
Liabilities
Current Liabilities:
Total Current Liabilities	0
Long-Term Liabilities:
Total Liabilities		0
Net Position
Net Investment in Capital Assets
RestrictedDebt Service
Unrestricted:
DesignatedStreet Repair
Undesignated
Total Net Position		$0

TOWN OF FREAZ
Statement of Activities
For the Year Ended June 30, 2017
(000s Omitted)
	Program Revenues				Governmental Activities
Functions	Expenses	Charges for Services	Operating Grants and Contributions	Capital Grants and Contributions	Net (Expenses) Revenues and Changes in Net Position
Primary Government:
Total Governmental Activities	$0	$0	$0	$0	$0
	General Revenues:
	Total General Revenues				0
	Increase in Unrestricted Net Position				0
	Net Position, July 1, 2016
	Net Position, June 30, 2017				$0