Preparation of the statement of activities The City of Truro reports the following revenues for the fiscal year and pr operty S720 They also reports the following revenues from fees charges for services and operating grants 15320 TEST The City manages two business-type activities: a sanitation department which oversees solid and quid waste disposal and a municipal pool Both of these activities charge users a fee that is set at the beginning of the year at a level that is antipated to cover the costs of providing the service. These fees cannot be changed during the year. As a result, these activities may produce a net profit or loss for the year, depending on the level of operating costs. The revenues and expenses for these services are provided in the following table: Funreams Spies Required Prepare the City of Truro Stanement of Activities for the year assume a beginning balance for NetAsets of $137,605 for Governmental activities and 529 849 for Business-Type activities HINT. Remember to use negatives with answers when appropriate City of Truro Statement of Activities Charges Operating for Grants & Expenses Services Contributions Government Activities Business Type Activities Total Primary government Governmental activities General government Public safety O $ 0 $ 0 $ SOS 0 $ Education Public Works Human services Library Pension and benefits 0 OS 0 0$ 5 05 0$ lo Total governmental activities Business type activities. Sanitation 0 $ 0 $ $ 0 0 0 $ 0 0 $ 0 0 0 $ 0 $ 0 $ $ 0 Total business type activities Total primary government General revenues- Real estate and personal property taxes Motor vehicle and other excise taxes 0 $ 0 $ 0 $ 0 $ Total general revenues Change in net position Net position: Beginning of year End of year 0 0 $ 0 0$ Preparation of the statement of activities The City of Truro reports the following revenues for the fiscal year and pr operty S720 They also reports the following revenues from fees charges for services and operating grants 15320 TEST The City manages two business-type activities: a sanitation department which oversees solid and quid waste disposal and a municipal pool Both of these activities charge users a fee that is set at the beginning of the year at a level that is antipated to cover the costs of providing the service. These fees cannot be changed during the year. As a result, these activities may produce a net profit or loss for the year, depending on the level of operating costs. The revenues and expenses for these services are provided in the following table: Funreams Spies Required Prepare the City of Truro Stanement of Activities for the year assume a beginning balance for NetAsets of $137,605 for Governmental activities and 529 849 for Business-Type activities HINT. Remember to use negatives with answers when appropriate City of Truro Statement of Activities Charges Operating for Grants & Expenses Services Contributions Government Activities Business Type Activities Total Primary government Governmental activities General government Public safety O $ 0 $ 0 $ SOS 0 $ Education Public Works Human services Library Pension and benefits 0 OS 0 0$ 5 05 0$ lo Total governmental activities Business type activities. Sanitation 0 $ 0 $ $ 0 0 0 $ 0 0 $ 0 0 0 $ 0 $ 0 $ $ 0 Total business type activities Total primary government General revenues- Real estate and personal property taxes Motor vehicle and other excise taxes 0 $ 0 $ 0 $ 0 $ Total general revenues Change in net position Net position: Beginning of year End of year 0 0 $ 0 0$
