Question
I am having issues with the problem below. Reporting Compensated Absences in Government-Wide and Fund Statements Dare County, NC reports the following information about its
I am having issues with the problem below.
Reporting Compensated Absences in Government-Wide and Fund Statements
Dare County, NC reports the following information about its compensated absence liabilities for fiscal 2020:
(in thousands) | Governmental Activities | Business-Type Activities |
---|---|---|
July 1, 2019, balance | $4,054 | $304 |
Additions | 1,595 | 156 |
Reductions | (1,090) | (97) |
June 30, 2020, balance | $4,559 | $363 |
Assume that liability reductions were cash payments to employees, and that internal service fund compensated absences included in governmental activities are as follows:
(in thousands) | Internal Service Fund |
---|---|
July 1, 2019, balance | $67 |
Additions | 50 |
Reductions | (31) |
June 30, 2020, balance | $86 |
Required
Calculate the balances reported for compensated absences in Dare County's fiscal 2020 ACFR, in the following line items:
a. Government-wide statement of activities:
Governmental activities, expense Business-type activities, expense
b. Government-wide statement of net position:
Governmental activities, liability
Business-type activities, liability
c. Statement of revenues, expenditures, and changes in fund balances, governmental funds:
Expenditure
d. Balance sheet, governmental funds
Liability
e. Statement of revenues, expenses, and changes in net position, proprietary funds:
Enterprise fund expense
Internal service fund expense
f. Statement of net position, proprietary funds:
Enterprise fund liability Internal service fund liability