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 General Fund Special Revenue Fund Total $ 135,000 $10,800 $ 145,800 5,400 5,400 99,800 Total assets $240,200 8,000 $18,800 99,800 8,000 $ 259,000 Liabilities S Accounts payable 101,800 4,100 Due to special revenue fund 8,000 Total liabilities 109,800 4,100 105,900 8,000 113,900 Fund balance Nonspendable (inventories) Restricted for other purposes Unassigned 5,400 5,400 14,700 14,700 125,000 125,000 Total fund balance 130,400 Total liabilities and fund balance $ 240,200 14,700 $18,800 145,100 $ 259,000 Additional information: a. Capital assets (net of accumulated depreciation) amounted to $334,800 at year-end. b. The liability for long-term compensated absences is estimated to be $85,000 at year-end. c. Long-term notes payable amounted to $213,100 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 WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet/Statement of Net Position As of December 31, 2020 General Fund Special Revenue Fund Total Cash and Cash Equivalents Inventories $ 135,000 $ 10,800 $ 5,400 145,800 5,400 Receivables (Net) Taxes Receivable Due from General Fund Capital Assets Total Assets Liabilities Adjustments to Government-wide Statement of Net Position $ 145,800 5,400 99,800 99,800 8,000 8,000 99,800 (8,000) $ 240,200 $ 18,800 $ 259,000 $ (8,000) $ 251,000 Accounts Payable Due to Special Revenue Fund 101,800 4,100 8,000 105,900 8,000 105,900 (8,000) Long-Term Compensated Absences Notes Due in More than One Year Total Liabilities 109,800 4,100 113,900 (8,000) 105,900 Fund Balance Nonspendable (inventories) 5,400 5,400 Restricted for Other Purposes Unassigned 14,700 14,700 125,000 125,000 Total Fund Balance 130,400 14,700 145,100 Total Liabilities and Fund Balance $ 240,200 $ 18,800 $ 259,000 Net Position Net Investment in Capital Assets Unrestricted Total Net Position $ 0