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Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged In a single governmental actlvity. Additional Information: a.
Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged In a single governmental actlvity. Additional Information: a. Capltal assets (net of accumulated depreclation) amounted to $334,800 at year-end. b. The llability for Iong-term compensated absences is estimated to be $84,200 at year-end. c. Long-term notes payable amounted to $204,200 at year-end. Prepare a combined Governmental Funds Balance Sheet/Statement of Net Position. (Amounts to be deducted should be Indlcated by a minus slgn.)
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