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Prepare the government-wide statement of activities

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Reference no: EM131987140

Question - Consider the following information for Cowboys Town for the year ended December 31, 2015.

Expenses - parking garage (enterprise fund) $ 1,200,000

Expenses - general government 52,000,000

Expenses - public safety 36,000,000

Expenses - health and sanitation 15,000,000

General property taxes 62,000,000

Unrestricted grants and contributions 6,000,000

Interest on general long-term debt 420,000

Charges for general government services 20,000,000

Charges for parking services 1,300,000

Charges for public safety services 2,500,000

Charges for health services 8,100,000

State grants for public safety 4,000,000

Gain on sale of general capital assets 200,000

Investment income - governmental activities 210,000

Net assets, 1/1/2015 - governmental activities 120,000,000

Net assets, 1/1/2015 - business-type activities 40,000,000

REQUIRED: Prepare, in appropriate format, the government-wide statement of activities for Cowboy Town for the year 2015.

Reference no: EM131987140

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