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The City of Bernard starts the year of 2 0 2 4 with the following unrestricted amounts in its general fund: cash of $ 2

The City of Bernard starts the year of 2024 with the following unrestricted amounts in its general fund: cash of $29,000 and Investments of $85,250. In addition, It holds a small building bought on January 1,2023, for general government purposes for $365,000 and a related long-term debt of $292,000. The building is depreclated on the stralight-line method over 10 years. The annual Interest rate on the debt is 10 percent. The general fund has four separate functions: general government, public safety, public works, and health and sanitation. Other Information Includes the following:
\table[[Property taxes,$557,800The City of Bernard starts the year of 2024 with the following unrestricted amounts in its general fund: cash of $29,000 and investments of $85,250. In addition, it holds a small building bought on January 1,2023, for general government purposes for $365,000 and a related long-term debt of $292,000. The building is depreciated on the straight-line method over 10 years. The annua interest rate on the debt is 10 percent. The general fund has four separate functions: general government, public safety, public works, and health and sanitation. Other information includes the following:

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