Reference no: EM132715045
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, 2020:
Expenses:
General government $11,860,000
Public safety 24,103,000
Public works 11,386,000
Health and sanitation 6,061,000
Culture and recreation 4,435,000
Interest on long-term debt, governmental type 727,000
Water and sewer system 10,799,000
Parking system 412,000
Revenues:
Charges for services, general government 1,320,000
Charges for services, public safety 211,600
Operating grant, public safety 804,100
Charges for services, health and sanitation 2,373,000
Operating grant, health and sanitation 1,219,200
Charges for services, culture and recreation 2,214,700
Charges for services, water and sewer 11,676,000
Charges for services, parking system 390,900
Property taxes 27,314,600
Sales taxes 20,852,700
Investment earnings, business-type 327,400
Special item-gain on sale of unused land, governmental type 1,259,200
Transfer from business- activities to governmental activities 705,200
Net position, July 1, 2019, governmental activities 8,260,900
Net position, July 1, 2019, business- activities 2,317,100
Problem 1: From the above information, prepare a Statement of Activities for the City of Northern Pines for the year ended June 30, 2020. Northern Pines has no component units.
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