Question
The following information is available for the preparation of the government-wide financial statements for the Village of Perpetual Bliss for the year ended June 30,
The following information is available for the preparation of the government-wide financial statements for the Village of Perpetual Bliss for the year ended June 30, 2017:
Expenses:
General government $21,000,000
Public safety 18,800,000
Public works 13,200,000
Health and sanitation 8,700,000
Culture and recreation 5,700,000
Water and sewer system 6,300,000
Parking system 420,000
Revenues:
Charges for services, general government 1,200,000
Charges for services, public safety 300,000
Operating grant, public safety 940,000
Charges for services, health and sanitation 3,000,000
Operating grant, health and sanitation 920,000
Charges for services, culture and recreation 2,200,000
Charges for services, water and sewer 10,250,000
Charges for services, parking system 740,000
Property taxes 33,300,000
Sales taxes 25,400,000
Other:
Special item, loss on sale of park land (1,210,000)
Transfer from business-type activities to governmental 200,000
Net position, July 1, 2016, governmental activities 13,210,000
Net position, July 1, 2016, business-type activities 14,666,000
Required: From the information given above, prepare, in good form, a statement of activities for the Village of Perpetual Bliss for the year ended June 30, 2017.
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