Prepare required government-wide, governmental fund financial statements and reconciliations that the City of Smithville must present for its basic financial statements to be in conformity with generally accepted accounting principles.
Hint:
Statement of Net Position:
Governmental activities - total assets - 20,591,475 total liabilities - 2,441,174 total net position 18,150,301
Business activities - total assets 2,782,086 total liabilities - 468,864 total net position 2,313,222
Statement of activities:
Governmental activities - total expenses- 6,335,189 net (expense) revenue and change in net position - (4,231,808) net position - 18,150,301
Business activities - total expenses 2,526,510 net (expense) revenue and change in net position 57,192
net position - 2,313,222 -
IS med upp od DepE City of Smithville Governmental Activities, Governmental-Wide level Post-closing Trial Balance For year 2020 Debits Credits $ 49,59,59 37,78.99 $3,21,76 4,32,69 37,72 15,00,00 6,44,20 4,18,00,00 12,41,22,30 2.81.25,64 6,29,60,00 1,91,99,00 3,63,87,10 Cash Taxes Receivable-Delinquent Allowance for Uncollectible Delinquent Taxes Interest and Penalties Receivable on Taxes Allowance for Uncollectible Interest and Penalties Due from State Government Inventory of Supplies Land Infrastructure Accumulated Depreciation Infrastructure Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation Equipment Vouchers Payable Due to Federal Government Due to State Government Accrued Interest Payable on Long-Term Debt Internal Payables to Business-Type Activities Deferred Serial Bonds Payable Premium on Deferred Serial Bonds Payable Net Position-Net Investment in Capital Assets Net Position-Restricted for Public Safety Net Position-Restricted for Capital Projects Net Position-Unrestricted Totals for all accounts 2,29,86,00 21,16,34 14,11,94 4,18,60 2,50,00 28,00 2,00,00,00 1.86.86 17.47.71.90 3,60,00 94.70 62,76,41 $ 27,65,84,87 $ 27,65,84.87 IS med upp od DepE City of Smithville Governmental Activities, Governmental-Wide level Post-closing Trial Balance For year 2020 Debits Credits $ 49,59,59 37,78.99 $3,21,76 4,32,69 37,72 15,00,00 6,44,20 4,18,00,00 12,41,22,30 2.81.25,64 6,29,60,00 1,91,99,00 3,63,87,10 Cash Taxes Receivable-Delinquent Allowance for Uncollectible Delinquent Taxes Interest and Penalties Receivable on Taxes Allowance for Uncollectible Interest and Penalties Due from State Government Inventory of Supplies Land Infrastructure Accumulated Depreciation Infrastructure Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation Equipment Vouchers Payable Due to Federal Government Due to State Government Accrued Interest Payable on Long-Term Debt Internal Payables to Business-Type Activities Deferred Serial Bonds Payable Premium on Deferred Serial Bonds Payable Net Position-Net Investment in Capital Assets Net Position-Restricted for Public Safety Net Position-Restricted for Capital Projects Net Position-Unrestricted Totals for all accounts 2,29,86,00 21,16,34 14,11,94 4,18,60 2,50,00 28,00 2,00,00,00 1.86.86 17.47.71.90 3,60,00 94.70 62,76,41 $ 27,65,84,87 $ 27,65,84.87
