Problem 4: The following information is available for the preparation of the government-wide financial statements for the City of Shortsville for the year ended June 30, 2020. Prepare Statement of Activities with General Revenue section only. $ 14,190,000 23,760,000 12,210,000 6,270,000 4,620,000 990.000 12,870,000 350,900 Expenses: General government Public safety Public works Health and sanitation Culture and recreation Interest on long-term debt, governmental type Water and sewer system Parking system Revenues: Charges for services, general government Charges for services, public safety Operating grant, public safety Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, parking system Property taxes Sales taxes Investment earnings, business-type Other Financing Sources (Uses): Special item-gain on sale of unused land, governmental type Transfers from General Fund to enterprise fund Transfer Out (to governmental funds) Transfer In (from governmental funds) Net position, July 1, 2019. governmental activities Net position, July 1, 2019, business-type activities 2,400,000 516.000 1,080,000 1,680,000 3,900,000 15,600,000 480,000 35,000,000 23.760,000 510,000 140,000 300,000 (2,000,000 2,000,000 14,300,000 23,100,000 Problem 4: The following information is available for the preparation of the government-wide financial statements for the City of Shortsville for the year ended June 30, 2020. Prepare Statement of Activities with General Revenue section only. $ 14,190,000 23,760,000 12,210,000 6,270,000 4,620,000 990.000 12,870,000 350,900 Expenses: General government Public safety Public works Health and sanitation Culture and recreation Interest on long-term debt, governmental type Water and sewer system Parking system Revenues: Charges for services, general government Charges for services, public safety Operating grant, public safety Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, parking system Property taxes Sales taxes Investment earnings, business-type Other Financing Sources (Uses): Special item-gain on sale of unused land, governmental type Transfers from General Fund to enterprise fund Transfer Out (to governmental funds) Transfer In (from governmental funds) Net position, July 1, 2019. governmental activities Net position, July 1, 2019, business-type activities 2,400,000 516.000 1,080,000 1,680,000 3,900,000 15,600,000 480,000 35,000,000 23.760,000 510,000 140,000 300,000 (2,000,000 2,000,000 14,300,000 23,100,000
