QE 9-2 Governments Funds Balance Sheet Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special purpose entity engaged in a single governmental activity. Total $137,000 6,000 WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet As of December 31, 2017 Special General Fund Revenue Fund Assets Cash and cash equivalents $125,000 $12,000 Inventories 6,000 Receivables (net) Taxes receivable 95,000 Due from general fund 7,500 Total assets $226,000 $19,500 Liabilities Accounts payable 85,000 3,500 Due to special revenue fund 7,500 92,500 3,500 Total liabilities Fund balance Nonspendable (inventories) 6,080 16,899 Restricted for other purposes 95,000 7,500 $245,500 88,500 7,500 96,000 6,000 16,000 Bia e o earch Check my 6,000 16,000 Nonspendable (inventories) Restricted for other purposes Unassigned Total fund balance Total liabilities and fund balance 127,500 133,500 $226,000 6,000 16,000 127,589 149,500 $245,500 16,eee $19,500 Additional information: a. Capital assets (net of accumulated depreciation) amounted to $325,000 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 $222.000 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, 2017 Total Adjustments to Fund Government Wide Statement of Net Position Special Revenue General Fund Assets Cash and Cash Equivalents $ 125,000S 12,000 $ 137.000 CAN (? A -arch WARRENTON LIBRARY DISTRICT Governmental Funds Balance Sheet / Statement of Net Position As of December 31, 2017 General Fund Special Revenue Total Adjustments to Fund Government.Wide Statement of Net Position $ $ 12,000 $ 125,000 6,000 137,000 6,000 Assets Cash and Cash Equivalents Inventories Receivables (Net) Taxes Receivable Due from General Fund Capital Assets Total Assets 95,000 95,000 7.500 7,500 $ 226,000 $ 19,500 $ 245,500 $ 3,500 85,000 7,500 88,500 7.500 Liabilities Accounts Payable Due to Special Revenue Fund Long-Term Compensated Absences Notes Due in More than One Year Total Liabilities 92,500 3,500 96.000 Fund Ralance arch hp 3,500 85,000 7,500 88,500 7.500 Liabilities Accounts Payable Due to Special Revenue Fund Long-Term Compensated Absences Notes Due in More than One Year Total Liabilities 92,500 3,500 96,000 6,000 16.000 Fund Balance Nonspendable: Inventories Reserved for Other Purposes Unassigned Total Fund Balance Total Liabilities and Fund Balance 127,500 133,500 226,000 6,000 16.000 127,500 149.500 245,500 16,000 19,500 $ $ Net Position: Net Investment in Capital Assets Unrestricted Total Net Position Eta e search