Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged in a single governmental activity. WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet As of December 31, 2020 Assets Cash and cash equivalents Inventories Receivables (net) Taxes receivable Due from general fund Total assets Liabilities Accounts payable Due to special revenue fund Total liabilities Fund balance Nonspendable (inventories) Restricted for other purposes Unassigned Total fund balance General Fund Special Revenue Fund Total $ 115,000 6,600 98,800 $ 11,600 $ 126,600 6,600 7,600 98,800 7,600 $ 220,400 $ 19,200 $ 239,600 82,500 7,600 4,000 86,500 7,600 90,100 4,000 94,100 6,600 6,600 15,200 15,200 123,700 130,300 123,700 15,200 145,500 Total liabilities and fund balance $ 220,400 $ 19,200 $ 239,600 Additional information: a. Capital assets (net of accumulated depreciation) amounted to $354,300 at year-end. b. The liability for long-term compensated absences is estimated to be $89,300 at year-end. c. Long-term notes payable amounted to $242,000 at year-end. Prepare a combined Governmental Funds Balance Sheet/Statement of Net Position. (Amounts to be deducted should be indicated by a minus sign.) Assets Cash and Cash Equivalents Inventories Receivables (Net) Taxes Receivable WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet/Statement of Net Position As of December 31, 2020 General Fund Special Revenue Fund Total $ 115,000 $ 11,600 $ 126,600 6,600 6,600 Adjustments to Statement of Net Government-wide Position 98,800 98,800 Due from General Fund 7,600 7,600 Capital Assets Total Assets $ 220,400 $ 19,200 $ 239,600 $ 0 $ 0 Liabilities Accounts Payable Due to Special Revenue Fund 82,500 7,600 4,000 86,500 7,600 Long-Term Compensated Absences Notes Due in More than One Year Total Liabilities 90,100 4,000 94,100 0 0 Fund Balance Nonspendable (inventories) Restricted for Other Purposes Unassigned 6,600 6,600 15,200 15,200 123,700 123,700 Total Fund Balance 130,300 15,200 145,500 Total Liabilities and Fund Balance $ 220,400 $ 19,200 $ 239,600 Net Position Net Investment in Capital Assets Unrestricted Total Net Position $ 0