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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 | $ | 10,940,000 |
Public safety | 24,500,000 | |
Public works | 13,390,000 | |
Health and sanitation | 6,360,000 | |
Culture and recreation | 4,362,000 | |
Interest on long-term debt, governmental type | 1,036,000 | |
Water and sewer system | 13,050,000 | |
Parking system | 438,000 | |
Revenues: | ||
Charges for services, general government | 1,231,000 | |
Charges for services, public safety | 1,560,000 | |
Operating grant, public safety | 713,000 | |
Charges for services, health and sanitation | 2,505,000 | |
Operating grant, health and sanitation | 1,360,000 | |
Charges for services, culture and recreation | 2,291,000 | |
Charges for services, water and sewer | 14,328,000 | |
Charges for services, parking system | 305,000 | |
Property taxes | 28,912,000 | |
Sales taxes | 22,298,000 | |
Investment earnings, business-type | 325,000 | |
Special itemgain on sale of unused land, governmental type | 1,365,000 | |
Transfer from governmental activities to business-type activities | 878,000 | |
Net position, July 1, 2019, governmental activities | 13,722,000 | |
Net position, July 1, 2019, business-type activities | 23,833,000 | |
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.)
CITY OF NORTHERN PINES Statement of Activities For the Year Ended June 30, 2020 Program Revenues Net (Expense) Revenue and Change in Net Position Functions/Programs Expenses Charges for Services Operating Grants Governmental Activities Business-Type Activities Total AutoSave OFF A v w lecture_n... Home Insert Draw Design Layout >> Tell me Share Comments Governmental Activities: General Government Public Safety Public Works Health and Sanitation Culture and Recreation Interest on Long-Term Debt . v E Paste Font Paragraph Styles Dictate Sensitivity Editor Total Governmental Activities Clipboard Voice Sensitivity Editor Business-Type Activities: Water and Sewer System Parking System Total Business-Type Activities Total - Primary Government General Revenues: Property Taxes Sales Taxes Investment Earnings Special Item-Gain on Sale of Land Transfers Total General Revenues, Special Items, and Transfers Change in Net Position Net Position, Beginning of Year Net Position, End of Year CITY OF NORTHERN PINES Statement of Activities For the Year Ended June 30, 2020 Program Revenues Net (Expense) Revenue and Change in Net Position Functions/Programs Expenses Charges for Services Operating Grants Governmental Activities Business-Type Activities Total AutoSave OFF A v w lecture_n... Home Insert Draw Design Layout >> Tell me Share Comments Governmental Activities: General Government Public Safety Public Works Health and Sanitation Culture and Recreation Interest on Long-Term Debt . v E Paste Font Paragraph Styles Dictate Sensitivity Editor Total Governmental Activities Clipboard Voice Sensitivity Editor Business-Type Activities: Water and Sewer System Parking System Total Business-Type Activities Total - Primary Government General Revenues: Property Taxes Sales Taxes Investment Earnings Special Item-Gain on Sale of Land Transfers Total General Revenues, Special Items, and Transfers Change in Net Position Net Position, Beginning of Year Net Position, End of YearStep by Step Solution
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