The City of Bernard starts the year of 2020 with the following unrestricted amounts in its general fund cash of $36.750 and investments of $94,500. In addition, it holds a small building bought on January 1, 2019, for general government purposes for $318,000 and a related long-term debt of $254,400 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: 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: $610,000 102,500 27,000 22,408 9,100 4,200 36,900 12,000 32,200 248,000 113,400 145,00 Health and sanitation Miscellaneous: General government Public safety Health and sanitation Public works (all prepaid as of the end of the year) Property taxes ($18,800 is expected to be uncollectible) Payments: Salary: General government Public safety Public works Health and sanitation (all from grant) Utilities: Public safety General government Public works Health and sanitation Insurance: General government Public safety 95, see 115,000 69,500 27,100 13,25 17,658 17,750 6,900 34,300 16,300 7,200 6,600 14,800 Public works Interest on previous debt Principal payment on previous debt 12, 11,700 11,Bee 25,440 10,100 Interest on new debt 22,328 Building (public works) 234,000 Equipment (public safety) 114,000 Public works supplies (30% still held) 27,200 Investments Ordered but not received: 116,00 Equipment Supplies Due at end of year: 31,500 11,250 Salaries: General government Public safety Public works 17,700 20,350 On the last day of the year, the city borrows $74,000 from a local bank and uses the money to buy a truck. The first payment on the loan (plus interest) will be made at the end of the next year The city opens a landfill this year that it records within its general fund. It is a public works function Closure costs today is estimated as $286.000 although officials do not expect the landfill to be filled for nine more years. The city has incurred no costs to date. The landfill is now 15 percent filled.