None esThe following Information is available for the preparation of the government-wide financial statements for the City of Northern Pines forthe year ended June 30, 2024:Expenses:General governmentPublic safetyPublic worksHealth and sanitation.Culture and recreationInterest on long-term debt, governmental typeWater and sewer systemParking systemRevenues:Charges for services, general governmentCharges for services, public safetyOperating grant, public safetyCharges for services, health, and sanitation.Operating grant, health, and sanitationCharges for services, culture, and recreationCharges for services, water, and sewerCharges for services, parking systemProperty taxesSales taxesInvestment earnings, business-typeSpecial item-gain on sale of unused land, governmental typeTransfer from business-type activities to governmental activities.Net position, July 1, 2023, governmental activitiesNet position, July 1, 2023, business-type activitiesRequired:$ 12,760,00026,945,00012,730,0006,775,0004,954,000468,00012,045,000455,0001,462,000234,300890,6002,628,2001,349,7002,451,60012,924,400432,10030,193,00023,050,500361,6001,390,400779,3009,128,8002,560,800From the previous Information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2024.Northern Pines has no component units.Note: Negative amounts should be Indicated by a minus sign.CITY OF NORTHERN PINESStatement of ActivitiesYear Ended June 30, 2024Functions or ProgramsExpensesGovernmental Activities:General GovernmentPublic SafetyPublic WorksHealth and SanitationCulture and Recreation.Interest on Long-Term DebtTotal Governmental ActivitiesBusiness-Type Activities:Water and Sewer SystemParking System0Primary GovernmentCharges forServicesOperatingGrantsGovernmentalActivitiesBusiness-TypeActivitiesTota00Total Business-Type Activities0Total Primary Government$0S0$000General Revenues:Property TaxesSales TaxesInvestment EarningsSpecial Item-Gain on Sale of Unused LandTransfersTotal General RevenuesChange in Net PositionNet Position, BeginningNet Position, Ending00$$0$0$

The revenue and expenses of a nonprofit entity for a reporting period are quantified in a statement…

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, 2024: 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: $ 12,760,000 26,945,000 12,730,000 6,775,000 4,954,000 468,000 12,045,000 455,000

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, 2024: 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: $ 12,760,000 26,945,000 12,730,000 6,775,000 4,954,000 468,000 12,045,000 455,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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