n this week?s Application, you analyze financial data of two SLGs-Cala Township and Town of Blue-in order to create financial statements.

Part 1: Preparation of Statement of Activities for a Township

Download theCala Township financial data. When you have completed your review of the data, provide the following and submit your work in a single Word document (including Part 2):

1. Statement of Activities for Cala Township for 2010
2. Search the Internet to access the CAFR of an actual county and review the Statement of Activities. Write a brief analysis (150-300 words) of the similarities and differences of the county?s Statement of Activities with the one you created for this Application. Include any other matters that might come to your attention as you compare the statements.

Part 2: Conversion of Enterprise Fund to Business-Type Activities

Download theTown of Blue financial data. When you have completed your review of the data, provide the following and submit your work in a single Word document (including Part 1):

1. Business-type activities section of the Government-Wide Statement of Activities for Town of Blue for 2010
2. Business-type activities section of the Government-Wide Statement of Net Assets for Town of Blue for 2010
3. Search the Internet to access the CAFR of an actual county (it can be the county from part one) and review the Business-type activities section of the Government-Wide Statement of Activities and the Business-type activities section of the Government-Wide Statement of Net Assets. Write a brief analysis (150-300 words) of the similarities and differences of the county?s with the one you created for this Application. Include any other matters that might come to your attention as you compare the statements.

Be sure to show and label your computations and to support your work with specific citations from this week?s Learning Resources and any additional resources.

ApplicationWeek 5 Part 1: Preparation of Statement of Activities for a Township Cala Township uses a fiscal year ending on April 30. The following information is available for preparation of the statement of activities for Cala Township for 2010: General property tax revenues Unrestricted grant revenues Grants restricted to education Capital grants restricted for transportation Expenses: General government Public safety Education Transportation Interest on loan for governmental activities Transfers to Enterprise Funds Water Enterprise Fund Charges for services Expenses Tornado loss on general government building that was destroyed Net Assets, governmental activities, beginning balance Net Assets, business type activities, beginning balance Dollars ($) 3,000,000 1,50 0,000 750,0 00 900,0 00 350,0 00 150,0 00 450,0 00 679,0 00 35,0 00 880,0 00 550,0 00 335,0 00 150,0 00 1,250,0 00 786,0 00 ApplicationWeek 5 Part 2: Conversion of Enterprise Fund to Business-Type Activities Town of Blue uses a fiscal year ended December 31. Following is the trial balance for Town of Blue Enterprise Funds for 2010: Credits ($) Debits ($) 550,000 800,000 Cash Accounts Receivable Allowance for uncollectible accounts Due from Other Enterprise Funds Inventory Land Buildings Accumulated Depreciation - Buildings Equipment Accumulated Depreciation - Equipment Vouchers Payable Due to Other Enterprise Funds Deferred Grant Revenues Bonds Payable Unamortized discount on bonds Net Assets Charges for Services Water and Sewer Transit Authority Parks and Recreation Transfers from General Fund Investment Income Gain on the sale of equipment Water and Sewer Expenses Transit Authority Expenses Parks and Recreation Expenses 12,500 125,000 101,000 880,000 1,290,000 129,125 606,000 1,200 652,125 125,000 176,825 1,500,000 125,000 1,696,025 425,000 125,000 55,000 99,000 10,100 1,200 325,000 131,000 75,100 $ 5,008,100 $ 5,008,100