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What is change in net expenses for government type activities? 
Exercise 2-8 (Algo) 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: $ 9,950, eee 23,592,880 12,503, 080 6,369,80 4,306,eee 1,647,eee 11,845,000 430,880 Expenses: General government Public safety Public works Health and sanitation Culture and recreation Interest on long-term debt, governmental type Water and sewer system Parking system Revenues : Charges for services, general government Charges for services, public safety Operating grant, public safety Charges for services, health and sanitation Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, parking system Property taxes Sales taxes Investment earnings, business-type Special item-gain on sale of unused land, governmental type Transfer from governmental activities to business-type activities Net position, July 1, 2019, governmental activities Net position, July 1, 2019, business-type activities 1,139,880 1, 242,880 716,00 2,621, eee 1,241, eee 2,254,880 13,091,080 305, see 27,749, see 21,185,880 326,880 1,278,888 988, eee 11,688,888 22,837,880 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.) 2 Net position, July 1, 2019, business-type activities 22,837,000 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.) 2 points Answer is not complete. 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 s Governmental Activities: General Government Culture and Recreation Health and Sanitation Public Safety Public Works Interest on Long-Term Debt $ 9,950,000 $ 1,139,000 4,306,000 2.254,000 6,369,000 2,621,000 23,592,000 1,242,000 12,500,000 1,047.000 1,241,000 716,000 (8.811,000) (2.052.000) (2,507.000) (21,634,000) (12.503.000) (1.047.000) OOC s (8.811.000) (2.052,000) (2.507.000) (21.634.000 (12,503,000) (1.047.000 0 $ (48,554.000) Total Governmental Activities S 57.767.000 $ 7,258,000 $ 1,957,000 $ (48,554,000) $ 0 Business-Type Activities: Parking System Water and Sewer System $ S S 430,000 $ IS 305,000 11,845,000 13,001,000 Tolo (125,000) $ ) S 1,158,000 (125,000 1,158,000 0 0 $ Total Business-Type Activities Total - Primary Government $ 12.275.000 $ 70,042,000 $ 13,306,000 $ 20,562,000 IS 0 $ 1,957.000 1,031,000 1,031,000 $ 1,031,000 $ (47.523,000 $ (48,554,000) S S 27,749,000 21,185,000 General Revenues: Property Taxes Sales Taxes Investment Earnings Special Item-Gain on Sale of Land Transfers 320,000 27,740,000 21,185,000 320,000 1,278,000 908,000 0 1,278,000 908,000 s S Total General Revenues. Special Items, and Transfers Change in Net Position Net Position. Beginning of Year Net Position, End of Year 50.212,000 S 1.658,000 XS 11,680,000 13,338,000 s 1.234.000 s 2,265,000 $ 22,837,000 25, 102,000 $ s 51,448,000 3,923,000 34,517,000 38,440,000 $
