Presented below is the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the Trinity Parish Fire Distria, a special purpose entity engaged in a single governmental adulty Total $310,880 53, 580 7. 298 379.789 TRIHITY PARISH FIRE DISTRICT Governmental Funds: Statement of Revenues, Expenditures, and Charges in Fund Balances For the Year Ended December 31, 2017 General Special Fund Revenue Fund Revenues Property taxes $310,880 Intereovernmental 32,000 $ 21,590 Miscellaneous 7.299 Total revenues 349 200 21 590 Expenditures Current Personnel services 158,888 17,680 Supplies 28,000 Capital outlay 129,230 Debt service Principal 6,499 Interest 9.238 Total expenditures $332,888 $ 17,699 Revenues over expenditures 17.299 3,980 Other financire sources (uses): Issuance of debt 22, 690 Transfers from other funds 5,490 Transfers (to) other funds (5,400) Total other financire sources 17,200 5,490 Excess of revenues and other sources over (under) 34,400 9,380 expenditures and other uses Fund balance-beinnire of year 25, 290 (3.490) Fund balance-end of year $ 59, 600 $ 988 175.690 28,888 129,200 6,490 9,298 $349,600 21,180 22, 630 5,400 (5.490) 22, 690 43,790 16,200 $ 60,580 Additional Information: a. Property taxes expected to be colleded more than 60 days following year-end are deferred in the fund-basis statements. Deferred taxes totaled $41,000 at the end of 2016 and $37,000 at the end of 2017. b. The current year provision for depreciation totaled $65,000. c Interest on long-term notes payable is paid monthly (no accrual is necessary). d. Total Net Position on the December 31, 2016, Statement of Net Position totaled $136,000 Prepare a combined Governmental Funds Balance Sheet/Statement of Net Position. (Amounts to be deducted should be indicated by a minus sign.) Presented below is the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the Trinity Parish Fire Distria, a special purpose entity engaged in a single governmental adulty Total $310,880 53, 580 7. 298 379.789 TRIHITY PARISH FIRE DISTRICT Governmental Funds: Statement of Revenues, Expenditures, and Charges in Fund Balances For the Year Ended December 31, 2017 General Special Fund Revenue Fund Revenues Property taxes $310,880 Intereovernmental 32,000 $ 21,590 Miscellaneous 7.299 Total revenues 349 200 21 590 Expenditures Current Personnel services 158,888 17,680 Supplies 28,000 Capital outlay 129,230 Debt service Principal 6,499 Interest 9.238 Total expenditures $332,888 $ 17,699 Revenues over expenditures 17.299 3,980 Other financire sources (uses): Issuance of debt 22, 690 Transfers from other funds 5,490 Transfers (to) other funds (5,400) Total other financire sources 17,200 5,490 Excess of revenues and other sources over (under) 34,400 9,380 expenditures and other uses Fund balance-beinnire of year 25, 290 (3.490) Fund balance-end of year $ 59, 600 $ 988 175.690 28,888 129,200 6,490 9,298 $349,600 21,180 22, 630 5,400 (5.490) 22, 690 43,790 16,200 $ 60,580 Additional Information: a. Property taxes expected to be colleded more than 60 days following year-end are deferred in the fund-basis statements. Deferred taxes totaled $41,000 at the end of 2016 and $37,000 at the end of 2017. b. The current year provision for depreciation totaled $65,000. c Interest on long-term notes payable is paid monthly (no accrual is necessary). d. Total Net Position on the December 31, 2016, Statement of Net Position totaled $136,000 Prepare a combined Governmental Funds Balance Sheet/Statement of Net Position. (Amounts to be deducted should be indicated by a minus sign.)
