Windsor issued an 7%, 10-year $2,100,000 bond to build a monorail mass transit system. The city received $1,830,458 cash from the bond issuance on January 1, 2025. The bond yield is 9%. Interest is paid annually on December 31 of each year. Disclosure information about capital assets is reported below. Disclosure of Information about Capital Assets for the Year Ending December 31, 2025 Primary Government Governmental Activities Beginning Balance Additions Retirements Ending Balance Land $500,000 $500,000 Building 770,000 770,000 Machinery and Equipment 950,000 $[227,000) 723,000 Construction in Progress $1,490,000 1,490,000 Infrastructure 450,000 450,000 Totals at historical cost $2,670,000 $1,490,000 $(227,000) $3,933,000 Less accumulated depreciation Building [190,000) (59,150) (249,150) Machinery and Equipment [234,000) (75,500) 140,000 (169,500) Infrastructure (50,000) (33,500) (83,500) Total accumulated depreciation $[474,000) $(168,150) $140,000 $(502,150) Governmental activities capital assets, net $2,196,000 $1,321,850 $(87,000) $3,430,850 Depreciation expense charged to governmental activities as follows: Public Safety $56,000 General Government 72,000 Highways and Streets 25,000 Sanitation 15,150 $169,150 Windsor's governmental funds financial statements are as follows: statements; Windsor Governmental Funds Fund Balance Sheets at December 31, 2025 Capital Projects Fund Debt Service Fund Total Governmental Funds Assets General Fund Monorail Fund Term Bond Fund Cash $63,000 $301,000 $- $364,000 Interest Receivable 12,000 3,000 15,000 Investments 99,000 1,258,000 103,000 1,460,000 Property Tax Receivable 185,000 185,000 Total Assets $347,000 $1,571,000 $106,000 $2,024,000 Liabilities and Fund Balance Vouchers Payable Total Liabilities $72,000 $49,000 $121,000 $72,000 $49,000 $- $121,000 Fund Balances: Restricted for: Capital projects 1,522,000 1,522,000 Debt Service 106,000 106,000 Assigned for encumbrance 190,000 190,000 Unassigned 85,000 85,000 Total Fund Balance 275,000 1,522,000 106,000 1,903,000 Total Liabilities and Fund Balances $347,000 $1,571,000 $106,000 $2,024,000 Revenues Windsor Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the Year Ended December 31, 2025 Capital Projects Fund Debt Service Fund Total Governmental Funds General Fund Monorail Fund Term Bond Property Taxes $525,000 Licenses and Permits 150,000 State Grant-highways and streets 250,000 $1,000,000 Intergovernmental-state grant Charges for Services (general 130,000 government) Investment Earnings Total Revenue $50,000 $575,000 150,000 250,000 1,000,000 130,000 75,000 75,000 $1,130,000 $1,000,000 $50,000 $2,190,000 Expenditures Public Safety $500,000 General Government 300,000 $500,000 300,000 Highways and Streets 130,000 130,000 Sanitation 70,000 Debt Service Interest Capital Outlay Total Expenditures 70,000 $147,000 147,000 $1,490,000 1,490,000 $1,000,000 $1,490,000 $147,000 $2,637,000 Excess (deficiency) of revenues over expenditures $130,000 ($490,000) ($97,000) ($457,000) Other Financing Sources (Uses) Proceeds from long-term capital debt $1,830,459 $1,830,458 Transfers in $147,000 147,000 Transfers out $(147,000) Total other $(147,000) $1,830,458 $147,000 [147,000) $1,830,459 Special Items Proceeds from sales of equipment $115,000 $115,000 Net change in fund balance 98,000 1,340,458 Fund balance-beginning 189,000 181,542 Fund balance-ending $287,000 $1,522,000 50,000 44,000 $94,000 1,488,458 414,542 $1,903,000 *Revenues from licenses and permits are assigned to highways and streets ($100,000) and to the general government ($50,000). Using the information above, prepare the statement of activities and the statement of net position on a government-wide basis (using full accrual accounting). The beginning fund balance in the government-wide Statement of Net Position is $2,610,542. (Round answers to Odecimal places. eg. 5,125.) Functions/Programs Primary Government Governmental Activities Pubile Safety Windsor Statement of Activites -Government-Wide For the Year Ended December 31, 2025 Program Revenues Expenses (a) Charges for Services 556000 $ General Government 372000 Highways and Streets 155000 Sanitation 85150 Interest on Long-term Debt 164741 Grants and Contributions Net (Expense) Revenue and Changes in Net Position Primary Government Governmental Activities 180000 1000000 100000 250000 Total Governmental Activities 1332891 280000 Total Primary Government Assets Cash Interest Receivable Investments Receivables Capital Assets Total Assets Liabilities and Fund Balance Payables 1332891 1250000 (556000) 808000 195000 (85150) 1 (164741) 197109 280000 $ 1250000 $ 197109 Windsor Statement of Net Position-Government-Wide Basis At December 31, 2025 Governmental Funds 364000 $ 15000 1460000 185000 2024000 S 121000 $ Adjustments Statement of Net Position Total Government Activities 364000 15000 1460000 185000 3430850 3430850 5454850 121000 Liabilities and Fund Balance Payables Long-term Lablis Total Liabiliti Net Position Investment in Capital Assets Unrestricted Net Position Restricted for Debt Service Total Fund Balance Total 121000 $ 121000 63283 94000 1866717 121000 1812717 1812717 1933707 1618133 63283 94000 3806000 2024000 5454850