Question
The following is a listing of selected balances in the City of Marie governmental activities accounts as of June 30, 2020, the end of the
The following is a listing of selected balances in the City of Marie governmental activities accounts as of June 30, 2020, the end of the fiscal period. Assume the beginning net position is $6,400 and that there were no changes in net position during the year other than those reflected in the selected balances shown. For simplicity, assume that the City of Marie does not have business-type activities or component units.
Program Revenues General Government--Charges for Services $ 12,000
Program RevenuesPublic SafetyCharges for Services $6,000
Program RevenuesGeneral GovernmentOperating Grants $1,000
Program RevenuesPublic SafetyCapital Grants $2,000
General RevenuesProperty Taxes $80,000
General RevenuesSales Taxes $5,000
ExpensesGeneral Government $70,000
ExpensesPublic Safety $50,000
Special itemLoss on sale of equipment $4,000
What is the Net
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