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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

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, 2020
(000s omitted)
Debits Credits
Cash $ 3,656
Investments 7,316
Taxes ReceivableDelinquent 5,805
Allowance for Uncollectible Delinquent Taxes $ 66
Due from Other Funds 662
Due from Other Governments 6,377
Land 8,805
Buildings 25,850
Accumulated DepreciationBuildings 8,038
Infrastructure 85,802
Accumulated DepreciationInfrastructure 45,637
Machinery & Equipment 28,890
Accumulated DepreciationMachinery & Equipment 13,870
Accounts Payable 6,904
Accrued Liabilities 4,850
Due to Other Funds 782
Current Portion of Long-term Debt 8,770
Bonds Payable 29,550
Net PositionNet Investment in Capital Assets 45,082
Net PositionRestricted for Debt Service 2,208
Net PositionUnrestricted 6,632
Program RevenuesGeneral GovernmentCharges for Services 4,428
Program RevenuesPublic Safety Charges for Services 1,064
Program RevenuesCulture & Recreation Charges for Services 376
Program RevenuesGeneral Government Operating Grants & Contributions 324
Program RevenuesPublic Works Capital Grants & Contributions 1,714
General RevenuesProperty Taxes 13,750
General RevenuesInterest & Penalties 780
General RevenuesInterest Income 430
ExpensesGeneral Government 2,502
ExpensesPublic Safety 11,628
ExpensesPublic Works 5,328
ExpensesCulture & Recreation 1,868
ExpensesInterest on Long-term Debt 766
$ 195,255 $ 195,255

The restricted net position for debt service increased $121 for FY 2020. The net position accounts do not reflect FY 2020 depreciation of $1,600 that was allocated to the functions of government, or the towns decision to designate $1,070 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.)

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