The City of Bernard starts the year of 2020 with the following unrestricted amounts in its general fund: cash of $23,500 and investments of $86,500. In addition, it holds a small building bought on January 1, 2019, for general government purposes for $359,000 and a related long-term debt of $287,200. 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: Receipts: Property taxes Sales taxes Dividend income Charges for general government services Charges for public safety services $585,000 106,900 23,000 19,100 11,450 Charges for public works 5,700 Charges for health and sanitation services 33,000 Charges for landfill 12,650 Grant to be used for salaries for health workers (no eligibility requirements) 27,700 Issued long-term note payable 233,000 Sold investments (mentioned above) 101,750 Receivables at year-end: Property taxes ($10,900 is expected to be uncollectible) 164,000 Payments: Salary: General government 116,000 Public safety 112,750 Public works 74,750 Health and sanitation (all from grant) 22,900 Utilities: General government 12,750 Public safety 20,900 Public works 17,450 Health and sanitation 5,700 Insurance: General government 26,300 Public safety 12,700 Public works (all prepaid as of the end of the year) 7,500 Health and sanitation 6,600 Miscellaneous: General government 20,300 Public safety 15,300 Public works 9,850 Health and sanitation 9,000 Interest on previous debt 28,720 Principal payment on previous debt 11,300 Interest on new debt 20,970 Building (public works) 234,000 Equipment (public safety) 99,000 Public works supplies (30% still held) Investments 22,100 131,000 Ordered but not received: Equipment 41,250 Supplies 11,800 Due at end of year: Salaries: General government Public safety Public works 15,200 19,650 7,200