The City of Bernard starts the year of 2020 with the following unrestricted amounts in its general fund cash of $23,750 and investments of $81,750. In addition, it holds a small building bought on January 1, 2019, for general government purposes for $324,000 and a related long-term debt of $259,200. The building is depreciated on the straight-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: $631,000 107,100 26,000 24,400 12,550 6,000 38,800 8,400 Receipts: Property taxes Sales taxes Dividend income Charges for general government services Charges for public safety services Charges for public works Charges for health and sanitation services Charges for landfill Grant to be used for salaries for health workers (no eligibility requirements) Issued long-term note payable Sold Investments (mentioned above) Receivables at year-end: Property taxes ($15,100 is expected to be uncollectible) Payments: Salary: General government Public safety Public works Health and sanitation (all from grant) Utilities: General government Public safety Public works Health and sanitation 28,900 260,000 96,850 134,000 112,000 105,500 86,000 23,800 11,450 16,350 17,350 5,700 Statement of Activities For Year Ended December 31, 2020 Program Revenues Charges for Grants and Services Contributions Net (Expense) Revenue and Changes in Net Position Governmental Total Activities Functions/Programs Expenses Governmental activities: $ 0 $ $ 0 0 $ 0 Total governmental activities General revenues: 0 Total general revenues Change in net position: Change during 2020 0 $ 0 nl $ CITY OF BERNARD Statement of Net Position December 31, 2020 Governmental Activities Totals Assets: Current assets: Total current assets $ 0 $ 0 Capital assets: Total assets $ 0 $ $ Liabilities: Current liabilities: Noncurrent liabilities: Total liabilities $ 0 $ 0 Net position: Total net position $ $ 0 $ 0