Question
The following alphabetic listing displays selected balances in the governmental activities accounts of Westover Village as of its June 30 fiscal year-end. Assume that the
The following alphabetic listing displays selected balances in the governmental activities accounts of Westover Village as of its June 30 fiscal year-end. Assume that the beginning net position is $1,693 (in thousands) and that there were no changes in net position during the year other than those reflected in the selected account balances shown. For simplicity, assume that the village does not have business-type activities or component units.
WESTOVER VILLAGE | ||||||
Governmental Activities | ||||||
Selected Account Balances (in thousands) | ||||||
For the Year Ended June 30, 2023 | ||||||
Debits | Credits | |||||
ExpensesCulture and Recreation | 12,402 | |||||
ExpensesGeneral Government | 9,621 | |||||
ExpensesHealth and Sanitation | 6,838 | |||||
ExpensesInterest on Long-term Debt | 6,118 | |||||
ExpensesPublic Safety | 34,894 | |||||
General RevenuesInvestment Earnings | 2,008 | |||||
General RevenuesProperty Taxes | 56,350 | |||||
General RevenuesUnrestricted Grants and Contributions | 1,250 | |||||
Program RevenueCulture and RecreationCharges for Services | 4,045 | |||||
Program RevenueCulture and RecreationOperating Grants | 2,500 | |||||
Program RevenueGeneral GovernmentCharges for Services | 3,196 | |||||
Program RevenueGeneral GovernmentOperating Grants | 893 | |||||
Program RevenueHealth and SanitationCharges for Services | 5,662 | |||||
Program RevenuePublic SafetyCapital Grants | 67 | |||||
Program RevenuePublic SafetyCharges for Services | 1,248 | |||||
Program RevenuePublic SafetyOperating Grants | 1,357 | |||||
Special ItemGain on Sale of Park Land | 3,523 | |||||
Required
Prepare a (partial) statement of activities. (Enter your answers in thousands. Input all amounts as positive values.)
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