Question
The following information has been provided for the City of Elizabeth for its fiscal year ended June 30, 2017. The information provided relates to financial
The following information has been provided for the City of Elizabeth for its fiscal year ended June 30, 2017. The information provided relates to financial information reported on the citys statement of net position and its total governmental funds balance.
Revenues accrued but unavailable to pay the current period expenditures$364,600 Capital assets 641,600 Accumulated depreciation on capital assets 356,800 Accrued interest on bonds and long-term notes payable 2,900 Bonds and long-term notes payable 177,600 Unamortized premium on bonds payable 2,400 Compensated absences 16,700 Total governmental fund balances 162,800 Total net position of governmental activities 612,600
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