The following information is available for the preparation of the government-wide financial statements for the City of Northren Pines fot the year ended June 30,2020: Expenses: General government $11,960,000; Public Safety $23,900.000; Public Works $11,290,000 Health and sanitation $6,010,000, Culture and recreation $4,198,000; Interest on long term debt, governmental type $721,000; Water and Sewer system $10,710,000 Parking system $409,000 Revenues: Charges for service, general governemnt $1,510,000; Charges for services, public safety $210,000; Operating grant, public safety $798,000; Charges for services health and sanitation $2,335,000; Operating grant, health and sanitation $1,210,000; Charges for service, culture and recreation $1,998,000; Charges for services, water and sewer $11,588,000; Changes for services, parking system $388,000; Property Taxes $27,112,000; Sales Taxes $20,698,000 investment earnings, business-type $325,000; Special Item - gain on sale of unused land, governmental type $1,250,000; Transfer from business- type activities to government activities $700,000; Net Position, July 1, 2019, governmental activities $5,800,000; Net Postion, July 1, 2019 business-type activities $4,600,000. From the previous information, prepare, in good form, a Statement of Activities for the City of Northren Pines for the year ended June 30, 2020. Northren Pines has no component units.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information is available for the preparation of the government-wide financial statements for the City of Northren Pines fot the year ended June 30,2020:

Expenses: General government $11,960,000; Public Safety $23,900.000; Public Works $11,290,000 Health and sanitation $6,010,000, Culture and recreation $4,198,000; Interest on long term debt, governmental type $721,000; Water and Sewer system $10,710,000 Parking system $409,000

Revenues: Charges for service, general governemnt $1,510,000; Charges for services, public safety $210,000; Operating grant, public safety $798,000; Charges for services health and sanitation $2,335,000; Operating grant, health and sanitation $1,210,000; Charges for service, culture and recreation $1,998,000; Charges for services, water and sewer $11,588,000; Changes for services, parking system $388,000; Property Taxes $27,112,000; Sales Taxes $20,698,000 investment earnings, business-type $325,000; Special Item - gain on sale of unused land, governmental type $1,250,000; Transfer from business- type activities to government activities $700,000; Net Position, July 1, 2019, governmental activities $5,800,000; Net Postion, July 1, 2019 business-type activities $4,600,000.

From the previous information, prepare, in good form, a Statement of Activities for the City of Northren Pines for the year ended June 30, 2020. Northren Pines has no component units.

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