he City of Bernard starts the year of $2024$ with the following unrestricted amounts in its general fund: cash of $$26,250$ and investments of $$86,500.$ In addition, it holds a small building bought on January $1,2023,$ for general government purposes for $$315,000$ and a related long$-$term debt of $$252,000.$ The building is depreciated on the straight$-$line method over $10$ years. The annual interest rate on the debt is $10$ percent. The general fund has four separate functions: general government, public safety, public works, and health and sanitation. Other information includes the following:

Receipts:

Property taxes $ $648,000$

Sales taxes $99,300$

Dividend income $29,000$

Charges for general government services $23,100$

Charges for public safety services $11,950$

Charges for public works $4,500$

Charges for health and sanitation services $34,700$

Charges for landfill $10,950$

Grant to be used for salaries for health workers $($no eligibility requirements$)25,600$

Issued long$-$term note payable $257,000$

Sold investments $($mentioned above$)102,800$

Receivables at year$-$end:

Property taxes $($$$11,800$ is expected to be uncollectible$)142,000$

Payments:

Salary:

General government $132,500$

Public safety $117,250$

Public works $85,000$

Health and sanitation $($all from grant$)22,000$

Utilities:

General government $11,950$

Public safety $19,850$

Public works $15,450$

Health and sanitation $3,900$

Insurance:

General government $28,000$

Public safety $13,700$

Public works $($all prepaid as of the end of the year$)6,900$

Health and sanitation $5,100$

Miscellaneous:

General government $18,700$

Public safety $15,100$

Public works $11,450$

Health and sanitation $8,550$

Interest on previous debt $25,200$

Principal payment on previous debt $13,000$

Interest on new debt $23,130$

Building $($public works$)246,000$

Equipment $($public safety$)111,000$

Public works supplies $(30\%$ still held$)24,500$

Investments $158,000$

Ordered but not received:

Equipment $39,000$

Supplies $8,700$

Due at end of year:

Salaries:

General government $19,800$

Public safety $21,050$

Public works $7,800$

On the last day of the year, the city borrows $$68,000$ from a local bank and uses the money to buy a truck. The first payment on the loan $($plus interest$)$ will be made at the end of the next year.

The city opens a landfill this year that it records within its general fund. It is a public works function. Closure costs today is estimated as $$266,500$ although officials do not expect the landfill to be filled for nine more years. The city has incurred no costs to date. The landfill is now $15$ percent filled.

For the equipment and supplies that were ordered but not yet received, the City Council $($the highest decision$-$making body in the government$)$ has voted to honor the commitment when the items arrive.

The new building is depreciated over $20$ years using the straight$-$line method and no residual value. Depreciation of the equipment is similar except that its life is only $10$ years. Assume the city records a full year$$s depreciation in the year of acquisition.

The investments have a market value of $$163,050$ at year$-$end.

Required:

a$-1.$ Prepare a statement of activities for governmental activities in government$-$wide financial statements for December $31,2024,$ and the year then ended.