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Statement of Activities Reconciliation

derro

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5 years ago

Statement of Activities Reconciliation

Information about the December 31, 20X7, year-end conversion of the Governmental Funds Change in Fund Balance to the Statement of Activities Change in Net Position for the City of Six Mile is presented below (all amounts are in thousands of dollars):

Net increase in all governmental funds' fund balances      $1,300
Increase in deferred revenues (all related to property taxes)      200
Increase in accrued interest on long-term liabilities      12
Expenditures – capital assets       5,080
Expenditures – principal on capital-related debt      3,000
Depreciation expenses on capital assets       4,100
Proceeds from general long-term capital debt      3,500
Proceeds from the sale of general capital assets (book value of $25)      40
Increase in long-term liability for compensated absences      30
Internal service net income      520

Textbook

Governmental and Nonprofit Accounting

Edition: 11^th

Authors: Freeman, Shoulders, McSwain, Scott

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derro Author

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5 years ago

Thanks for your help!!

kh540941

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Good timing, thanks!

nicolepope23

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2 hours ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

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