Question
Hi good night. Can you assist me in solving or answering this. Thank you. Can you prepare the reconcilation statements for the below. Assignment- Funds
Hi good night. Can you assist me in solving or answering this. Thank you. Can you prepare the reconcilation statements for the below.
Assignment- Funds and Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balance of Governmental Funds to the Statement of Activities
1) Prepare the reconciliation of total fund balance to net assets for governmental activities for the following City, given the following information. (40 pts ) (Review text and City of Houston ) All governmental funds' fund balances $13,000,000 Deferred revenue related to property taxes 2,000,000 Accrued interest on long-term liabilities 1,200,000 General capital assets 10,800,000 Accumulated depreciation on capital assets 4,100,000 General long-term liabilities: Bonds payable for capital assets 5,700,000 Liability for compensated absences 3,200,000 Internal service fund serving governmental activities Net assets 3,000,000 Capital assets net of accumulated depreciation 1,700,000 Liability, capital related 500,000
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