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 General Fund Special Revenue Fund Total $ 11,200 $ 137,500 6,400 $ 148,700 6,400 104,500 7,600 $ 18,800 104,500 7,600 $ 267,200 $ 248,400 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 Total liabilities and fund balance 1,500 100,500 7,600 108,100 102,000 7,600 109,600 1,500 6,400 17,300 133,900 140,300 $ 248,400 6,400 17,300 133,900 157,600 $ 267,200 17,300 $ 18,800 Additional information: a. Capital assets (net of accumulated depreciation) amounted to $321,800 at year-end. b. The liability for long-term compensated absences is estimated to be $76,500 at year-end. c. Long-term notes payable amounted to $219,800 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.) WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet/Statement of Net Position As of December 31, 2020 General Fund Special Revenue SP Total Adjustments to Fund Government-wide Statement of Net Position $ $ 11,200 $ 137,500 6,400 148,700 6,400 Assets Cash and Cash Equivalents Inventories Receivables (Net) Taxes Receivable Due from General Fund Capital Assets 104,500 104,500 7,600 7,600 T. LIA. 210 innle 10 onlc 767 onni WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet/Statement of Net Position As of December 31, 2020 General Fund Special Revenue Total Adjustments to Fund Government-wide Statement of Net Position $ $ 11,200 $ 137,500 6,400 148,700 6,400 Assets Cash and Cash Equivalents Inventories Receivables (Net) Taxes Receivable Due from General Fund Capital Assets Total Assets 104,500 104,500 7,600 7,600 $ 248,400 $ 18,800 $ 267,200 1,500 100,500 7,600 102,000 7,600 Liabilities Accounts Payable Due to Special Revenue Fund Long-Term Compensated Absences Notes Due in More than One Year Total Liabilities 108,100 1,500 109,600 1,500 100,500 7,600 102,000 7,600 Liabilities Accounts Payable Due to Special Revenue Fund Long-Term Compensated Absences Notes Due in More than One Year Total Liabilities 108,100 1,500 109,600 6,400 17,300 Fund Balance Nonspendable inventories) Restricted for Other Purposes Unassigned Total Fund Balance Total Liabilities and Fund Balance 133,900 140,300 248,400 6,400 17,300 133,900 157,600 267,200 17,300 18,800 $ $ $ Net Position Net Investment in Capital Assets Unrestricted Total Net Position
