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The following information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30,
The following information is available for the preparation of the government-wide financial statements for the City of Northern Pines for the year ended June 30, 2020: Expenses: General government $ 10,340,000 Public safety 23,900,000 Public works 12,790,000 Health and sanitation 6,300,000 Culture and recreation 4,296,000 Interest on long-term debt, governmental type 1,030,000 Water and sewer system 12,450,000 Parking system 426,000 Revenues: Charges for services, general government 1,171,000 Charges for services, public safety 1,500,000 Operating grant, public safety 707,000 Charges for services, health and sanitation 2,445,000 Operating grant, health and sanitation 1,300,000 Charges for services, culture and recreation 2,231,000 Charges for services, water and sewer 13,668,000 Charges for services, parking system 299,000 Property taxes 28,112,000 Sales taxes 21,598,000 Investment earnings, business-type 319,000 Special itemgain on sale of unused land, governmental type 1,305,000 Transfer from governmental activities to business-type activities 872,000 Net position, July 1, 2019, governmental activities 13,122,000 Net position, July 1, 2019, business-type activities 23,233,000 From the above information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2020. Northern Pines has no component units. (Negative entries should be entered with a minus sign and will appear in parenthesis.)
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