Reference no: EM132346114
Question
Using the details provided below, how I do I surmise the transfers amount to enter into the Statement of Activities?
Expenses:
General government $ 9,970,000
Public safety 23,640,000
Public works 12,529,000
Health and sanitation 6,383,000
Culture and recreation 4,315,000
Interest on long-term debt, governmental type 1,049,000
Water and sewer system 11,867,000
Parking system 430,000
Revenues:
Charges for services, general government 1,139,000
Charges for services, public safety 1,242,000
Operating grant, public safety 716,000
Charges for services, health and sanitation 2,621,000
Operating grant, health and sanitation 1,241,000
Charges for services, culture and recreation 2,254,000
Charges for services, water and sewer 13,001,000
Charges for services, parking system 306,000
Property taxes 27,840,000
Sales taxes 21,254,000
Investment earnings, business-type 328,000
Special item-gain on sale of unused land, governmental type 1,285,000
Transfer from governmental activities to business-type activities 913,000
Net position, July 1, 2016, governmental activities 11,744,000
Net position, July 1, 2016, business-type activities 22,963,000
From the above information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2017. Northern Pines has no component units. (Net Expenses should be entered as a negative.