FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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es 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: 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 business-type activities to governmental activities. Net position, July 1, 2023, governmental activities Net position, July 1, 2023, business-type activities Required: $ 12,760,000 26,945,000 12,730,000 6,775,000 4,954,000 468,000 12,045,000 455,000 1,462,000 234,300 890,600 2,628,200 1,349,700 2,451,600 12,924,400 432,100 30,193,000 23,050,500 361,600 1,390,400 779,300 9,128,800 2,560,800 From 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 PINES Statement of Activities Year Ended June 30, 2024 Functions or Programs Expenses Governmental Activities: General Government Public Safety Public Works Health and Sanitation Culture and Recreation. Interest on Long-Term Debt Total Governmental Activities Business-Type Activities: Water and Sewer System Parking System 0 Primary Government Charges for Services Operating Grants Governmental Activities Business-Type Activities Tota 0 0 Total Business-Type Activities 0 Total Primary Government $ 0 S 0 $ 0 0 0 General Revenues: Property Taxes Sales Taxes Investment Earnings Special Item-Gain on Sale of Unused Land Transfers Total General Revenues Change in Net Position Net Position, Beginning Net Position, Ending 0 0 $ $ 0 $ 0 $
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Transcribed Image Text:es 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: 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 business-type activities to governmental activities. Net position, July 1, 2023, governmental activities Net position, July 1, 2023, business-type activities Required: $ 12,760,000 26,945,000 12,730,000 6,775,000 4,954,000 468,000 12,045,000 455,000 1,462,000 234,300 890,600 2,628,200 1,349,700 2,451,600 12,924,400 432,100 30,193,000 23,050,500 361,600 1,390,400 779,300 9,128,800 2,560,800 From 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 PINES Statement of Activities Year Ended June 30, 2024 Functions or Programs Expenses Governmental Activities: General Government Public Safety Public Works Health and Sanitation Culture and Recreation. Interest on Long-Term Debt Total Governmental Activities Business-Type Activities: Water and Sewer System Parking System 0 Primary Government Charges for Services Operating Grants Governmental Activities Business-Type Activities Tota 0 0 Total Business-Type Activities 0 Total Primary Government $ 0 S 0 $ 0 0 0 General Revenues: Property Taxes Sales Taxes Investment Earnings Special Item-Gain on Sale of Unused Land Transfers Total General Revenues Change in Net Position Net Position, Beginning Net Position, Ending 0 0 $ $ 0 $ 0 $
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