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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 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 $420,000
Franchise taxes 44,300
Charges for general gov. services 7,200
Charges for public safety services 4,200
Charges for health and sanitation services 48,300
Issued long-term note payable 288,500
Receivables at end of year:
Property taxes (90% estimated to be collectible 103,000
Payments:
Salary:
General government 66,850
Public safety 40,300
Heatlth and sanitation 29,000
Rent:
General government 13,700
Public safety 25,100
Heatlh and sanitation 3,300
Maintenance:
General government 21,800
Public safety 6,600
Heatlh and sanitation 11,400
Insurance:
General government 8,100
Public safety ($3,000 still prepaid at end of year) 14,700
Health and sanitation 18,900
Interest on debt 23,080
Principal payment on debt 5,770
Storage shed 161,000
Equipment 127,500
Supplies (20% still held) (public safety) 18,200
Investments 101,000
Ordered but not received:
Equipment 16,000
Due in one month at end of year:
Salaries:
General government 5,400
Public safety 7,800
Health and sanitation 10,200

Compensated absences legally owed to general government workers at year-end total $21,300. 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 $15,000. 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 $120,200 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-1. Prepare a statement of activities for governmental activities for December 31, 2015.

a-2. Prepare a statment of net position for government activities for December 31,2015.

b. Prepare a statment of revenues, expenditures and other changes in fund balances and balance sheet for the General Fund as of December 31,2015, and the year then ended. Assume that the city applies the consumption method.

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