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 $71,750. In addition, it holds a small building bought on January 1, 2019, for general government purposes for $346,000 and a related long-term debt of $276,800. 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: Charges for public safety services Receipts: Property taxes Sales taxes Dividend income Charges for general government services Charges for public works $605,000 99,600 28,000 15,000 8,250 3,900 Charges for health and sanitation services 38,000 Charges for landfill 11,700 Grant to be used for salaries for health workers (no eligibility requirements) 30,600 Issued long-term note payable 230,000 Sold investments (mentioned above) 86,250 Receivables at year-end: Property taxes ($10,000 is expected to be uncollectible) 150,000 Payments: Salary: General government 129,000 Public safety Public works Health and sanitation (all from grant) Utilities: General government Public safety 109,250 77,750 26,100 13,800 19,300 Public works 15,350 Health and sanitation 6,600 Insurance: General government 31,500 Public safety 21,700 Public works (all prepaid as of the end of the year) 7,200 Health and sanitation 5,100 Miscellaneous: Public safety Public works General government 16,000 10,000 9,800 Health and sanitation 7,800 Interest on previous debt 27,680 Principal payment on previous debt 18,200 Interest on new debt 20,700 Building (public works) 228,000 Equipment (public safety) 102,000 Public works supplies (30% still held) 26,300 Investments 112,000 Ordered but not received: Equipment 32,500 8,350 Supplies Due at end of year: Salaries: General government Public safety Public works 14,600 19,250 5,700