Question
Preparation of government-wide statement of activities Hamilton Township has governmental activities but no business-type activities. The following information is taken from Hamilton Townships December 31,
Preparation of government-wide statement of activities
Hamilton Township has governmental activities but no business-type 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 | |
---|---|
Trial Balance | |
Revenuesproperty taxes | $1,625,000 |
Revenuessales taxes | 1,087,500 |
State operating aidpolice program | 205,000 |
State operating aidtown road maintenance | 125,000 |
State capital aidtown road maintenance | 25,000 |
Feessanitation | 37,500 |
Feesprograms for youth and seniors | 32,500 |
Feesparks admissions | 42,500 |
Revenue from sale of donated property | 212,500 |
General government expenses | 312,500 |
Police program expenses | 1,307,500 |
Road maintenance program expenses | 487,500 |
Sanitation program expenses | 705,000 |
Parks and recreation program expenses | 262,500 |
Youth and senior program expenses | 162,500 |
Net positionbeginning of year | 1,562,500 |
Using the appropriate format, prepare a statement of activities for Hamilton Township for the year ended December 31, 2022. (Assume that revenues from sales of donated property are reported as special items.) Enter revenues in order of magnitude (largest to smallest)
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