Question
Use the 2018 CAFR for the Village of Arlington Heights to answer the questions (only CAFR pages 30, 31, 33, 34, 35, 36, 61, 153,
Use the 2018 CAFR for the Village of Arlington Heights to answer the questions (only CAFR pages 30, 31, 33, 34, 35, 36, 61, 153, 154, 158, 159, 162, 163)
a) In addition to the Water and Sewer enterprise fund, the financial statements of proprietary funds also report information for nonmajor enterprise funds. Name the enterprise funds that are reported as nonmajor.
b) The Water and Sewer fund reported depreciable assets, net of accumulated depreciation of $21,698,508 ($101,652,558 79,954,050) on its statement of net position at December 31, 2018. How much of the $21,698,508 applied to the capital asset Underground Systems?
c) The major revenue of the Water and Sewer fund is charges for services. During 2018, how much cash was received from these charges?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started