Harvey City Comprehensive Case Harvey City Comprehensive Case consists of the last problem in each chapter from that you account for all the 4 through 15. Completing this case essentially requires ion of a moderately complex city for a year (dealing with summary transactions) hat you prepare the basic financial statements and a significant portion of the financial and t of thomprehensive annual financial report (CAFR) for that city. If you complete tot the requirements for the Comprehensive Case, you will journal entries and financial statements for one or more funds of each type for Harvey on except Permanent Funds. Like most local governments, Harvey City does not have a Permanent Fund. (Chapters 4-8 and 10-12) . Acount for Harvey City'sgeneral capital assets andgmeral ng term liabilities (Chapter 9) Account for and report the vast majority of transactions that are either unique to governments or are handled in a unique manner by povernments. (Chapters 4-12) Determine which of Harvey City's funds are mgor funds. (Chapter 13) a complete set of fund financial statements for Harvey City, including governmental flund financial statements, proprietary fund financial statements, and fiduciary fund financial statements. (Chapter 13) worksheets to derive Harvey City's government-wide financial statement data from its fund financial statement data (Chapter 14) Prepare a complete set of government-wide financial statements for Harvey City, including both a government-wide statement of net position and a government-wide statement of activi- ties. (Chapter 14) reconcillanions of Harvey City's fund financial statements and its government-wide financial statements (Chapter 14) nonmajor funds in its fund financial statements.(Chapter 15) Prepare comb ning financial statements that articulate with Harvey City's presentations for Except for the General Fund, the transactions and events affecting each individual fund of Harvey City are dealt with in the chapter on that fund type. Most General Fund transactions are presented in this chapter, but more advanced transactions of the General Fund are presented in Chapters 5 and 6-after the related topics have been covered. HARVEY CITY SOLUTION APPROACH Various approaches may be used to complete the Harvey City Comprehensive Case. We believe that the most efficient approach is to use electronic spreadsheets similar to the worksheet shown in Appendix 4-1 to this chapter in Illustration 4-13 on pages 148-149. The one difference we would suggest is that you use detailed revenue and expenditures accounts in the worksheet instead of using the control account-subsidiary ledger approach demon- strated in this chapter. The use of detailed general ledger accounts is illustrated in Appendix 4-2 and is used in several later chapters. You may want to see Illustration 7-3 for an example of a simple detailed general ledger worksheet. Using a worksheet approach to solve the problem will be particularly helpful when you begin to prepare fund financial statements in Chapter 13 and a worksheet to derive govermment- wide financial statement data in Chapter 14. (Worksheet templates are available for the case.) Again, other approaches-use of a gencral ledger and detailed subsidiary ledgers, for instance-are acceptable, if your professor prefers. HARVEY CITY CHAPTER 4 REQUIREMENTS a. Enter the beginning (January 1, 20X4) trial balance of the General Fund of Harvey City in a General Fund worksheet. (A different solution approach may be used if desired by your profes- sor.) The worksheet (which is similar to Illustration 4-13) may be set up as follows: 1. The first column should be used for account titles. 2. Columns 2 and 3 should be the debit and credit columns, respectively, for the beginning trial balance of the General Fund. 3. Column 4 of the worksheet should be a reference column to tie the journal entry debits to the transaction number in this problem. Harvey City Comprehensive Case Harvey City Comprehensive Case consists of the last problem in each chapter from that you account for all the 4 through 15. Completing this case essentially requires ion of a moderately complex city for a year (dealing with summary transactions) hat you prepare the basic financial statements and a significant portion of the financial and t of thomprehensive annual financial report (CAFR) for that city. If you complete tot the requirements for the Comprehensive Case, you will journal entries and financial statements for one or more funds of each type for Harvey on except Permanent Funds. Like most local governments, Harvey City does not have a Permanent Fund. (Chapters 4-8 and 10-12) . Acount for Harvey City'sgeneral capital assets andgmeral ng term liabilities (Chapter 9) Account for and report the vast majority of transactions that are either unique to governments or are handled in a unique manner by povernments. (Chapters 4-12) Determine which of Harvey City's funds are mgor funds. (Chapter 13) a complete set of fund financial statements for Harvey City, including governmental flund financial statements, proprietary fund financial statements, and fiduciary fund financial statements. (Chapter 13) worksheets to derive Harvey City's government-wide financial statement data from its fund financial statement data (Chapter 14) Prepare a complete set of government-wide financial statements for Harvey City, including both a government-wide statement of net position and a government-wide statement of activi- ties. (Chapter 14) reconcillanions of Harvey City's fund financial statements and its government-wide financial statements (Chapter 14) nonmajor funds in its fund financial statements.(Chapter 15) Prepare comb ning financial statements that articulate with Harvey City's presentations for Except for the General Fund, the transactions and events affecting each individual fund of Harvey City are dealt with in the chapter on that fund type. Most General Fund transactions are presented in this chapter, but more advanced transactions of the General Fund are presented in Chapters 5 and 6-after the related topics have been covered. HARVEY CITY SOLUTION APPROACH Various approaches may be used to complete the Harvey City Comprehensive Case. We believe that the most efficient approach is to use electronic spreadsheets similar to the worksheet shown in Appendix 4-1 to this chapter in Illustration 4-13 on pages 148-149. The one difference we would suggest is that you use detailed revenue and expenditures accounts in the worksheet instead of using the control account-subsidiary ledger approach demon- strated in this chapter. The use of detailed general ledger accounts is illustrated in Appendix 4-2 and is used in several later chapters. You may want to see Illustration 7-3 for an example of a simple detailed general ledger worksheet. Using a worksheet approach to solve the problem will be particularly helpful when you begin to prepare fund financial statements in Chapter 13 and a worksheet to derive govermment- wide financial statement data in Chapter 14. (Worksheet templates are available for the case.) Again, other approaches-use of a gencral ledger and detailed subsidiary ledgers, for instance-are acceptable, if your professor prefers. HARVEY CITY CHAPTER 4 REQUIREMENTS a. Enter the beginning (January 1, 20X4) trial balance of the General Fund of Harvey City in a General Fund worksheet. (A different solution approach may be used if desired by your profes- sor.) The worksheet (which is similar to Illustration 4-13) may be set up as follows: 1. The first column should be used for account titles. 2. Columns 2 and 3 should be the debit and credit columns, respectively, for the beginning trial balance of the General Fund. 3. Column 4 of the worksheet should be a reference column to tie the journal entry debits to the transaction number in this