The following information pertains to the City of Williamson for 2015, its first year of legal existence. For convenience, assume that all transactions are for the General Fund, which has three separate functions: general government, public safety, and health and sanitation.

Receipts:Property taxes$426,000Franchise taxes45,500Charges for general government services7,500Charges for public safety services4,400Charges for health and sanitation services48,200Issued long-term note payable278,000Receivables at end of year:Property taxes (90% estimated to be collectible)99,600Payments:Salary:General government68,600Public safety45,700Health and sanitation24,000Rent:General government18,900Public safety22,400Health and sanitation3,900Maintenance:General government25,400Public safety5,400Health and sanitation10,200Insurance:General government8,600Public safety ($4,700 still prepaid at end of year)16,900Health and sanitation14,000Interest on debt22,240Principal payment on debt5,560Storage shed173,000Equipment105,000Supplies (20% still held) (public safety)21,800Investments107,000Ordered but not received:Equipment13,000Due in one month at end of year:Salaries:General government3,900Public safety8,700Health and sanitation10,800

Compensated absences legally owed to general government workers at year-end total $22,100. These amounts will not be taken by the employees until late in the year 2016.

The city received a piece of art this year as a donation. It is valued at $20,600. It will be used for general government purposes. There are no eligibility requirements. The city chose not to capitalize this property.

The general government uses the storage shed that was acquired this year. It is being depreciated over 10 years using the straight-line method with no salvage value. The city uses the equipment for health and sanitation and depreciates it using the straight-line method over five years with no salvage value.

The investments are valued at $125,600 at the end of the year.

For the equipment that has been ordered but not yet received, the City Council (the highest decision-making body in the government) has voted to honor the commitment when the equipment is received.

a-1Prepare a statement of activities for governmental activities for December 31, 2015.