Statement of activities for governmental activities

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Reference no: EM13946100

Presented below is information for the governmental activities for the City of Cricket Hill for the year ended December 31, 20X9. Prepare in good form a statement of activities for governmental activities only for 20X9.

General property taxes revenue	$13,000,000
Unrestricted grants	4,000,000
Restricted grants for public safety	1,200,000
Capital grants for highways	300,000
Increase in fair value of investments	70,000
Interest on investments	108,000
Principal paid on general long-term liabilities	1,100,000
Interest expense on general long-term liabilities	100,000
Expenses:
Expenses for general administration	1,700,000
Expenses for public safety	4,200,000
Expenses for highways and streets	2,100,000
Expenses for health and welfare	3,000,000
Fees charged for health and welfare programs	270,000
Transfer to Enterprise Fund	2,500,000
Collection of interfold advance to Enterprise Fund established three years ago	1,000,000
Proceeds from sale of capital assets (book value of $25,000)	7,000
Net assets, governmental activities, January 1, 20X9	$3,017,000

Reference no: EM13946100

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