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LO 6 P10-43. (Preparation of government-wide statement of activities) The following information is taken from Hamilton Townships December 31, 2022, trial balance after all adjustments
LO 6 P10-43. (Preparation of government-wide statement of activities) The following information is taken from Hamilton Townships December 31, 2022, trial balance after all adjustments were made for preparation of the government-wide financial statements. Hamilton Township has governmental activities but no business-type activities. Using the appropriate format, prepare a statement of activities for Hamilton Township for the year ended December 31, 2022. Revenuesproperty taxes.. Revenuessales taxes . State operating aidpolice program State operating aidtown road maintenance State capital aidtown road maintenance. Feessanitation. .... Feesprograms for youth and seniors Feesparks admissions Revenue from sale of donated property ... (assume this transaction is reported as a special item) General government expenses Police program expenses... Road maintenance program expenses. Sanitation program expenses. . Parks and recreation program expenses Youth and senior program expenses. Net positionbeginning of year. $3,250,000 2,175,000 410,000 250,000 50,000 75,000 65,000 85,000 425,000 625,000 2,615,000 975,000 1,410,000 525,000 325,000 3,125,000
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