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Title: Statement of Activities Post by: derro on Jun 27, 2018 Presented below is information for the governmental activities for the City of Pleasant Hill for the year ended December 31, 20X9 (all amounts are in thousands of dollars).
General property taxes revenue $13,000 Unrestricted grants 4,000 Restricted grants for public safety 1,200 Capital grants for highways 300 Increase in fair value of investments 70 Interest on investments 108 Principal paid on general long-term liabilities 1,100 Interest expense on general long-term liabilities 100 Expenses: General government 1,700 Public safety 4,200 Highways and streets 2,100 Health and welfare 3,000 Fees charged for health and welfare programs 270 Transfer to Enterprise Fund 2,500 Collection of interfund advance to Enterprise Fund 1,000 Proceeds from sale of public safety vehicle (book value of $25) 7 Net position, governmental activities, January 1, 20X9 3,017 Requirement: Prepare in good form a statement of activities for governmental activities only for 20X9. Some professors may want to give students a blank sheet of paper to complete this problem. Another option is the lined and labeled paper available in an Excel file, Ch13P-2. The solution is in Excel file, Ch13P-2S. |