Prepare a statement of activities for city of northern pines

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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.

Reference no: EM132346114

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