Question

2-8. The following information is available for the preparation of the government- wide financial statements for the city of Northern Pines for the year ended June 30, 2017: Expenses: General government $ 9,700,000 Public safety 23,000,000 Public works 12,190,000 Health and sanitation 6,210,000 Culture and recreation 4,198.000 Interest on long-term debt, governmental type 1.021,000 Water and sewer system 11,550,000 Parking system 419.000 Revenues Charges for services, general government 1.110,000 Charges for services, public safety 1,210,000 Operating grant, public safety 698.000 Charges for services, health and sanitation 2,555,000 Operating grant, health and sanitation 1.210,000 Charges for services, culture and recreation 2.198,000 Charges for services, water and sewer 12.678,000 Charges for services, parking system 298,000 Property taxes 27.112.000 Sales taxes 20,698.000 Investment earnings, business-type 319,000 Special item-gain on sale of unused land, governmental type 1.250.000 Transfer from governmental activities to business-type activities 888,000 Net position, July 1, 2016, governmental activities 11,422,000 Net position, July 1, 2016, business-type activities 22,333.000 From the previous information, prepare, in good form, a Statement of Activities for the city of Northern Pines for the year ended June 30, 2017. Northern Pines has no component units. 2-9. The following Stene

Answer 1

Answer-

City of Northern Pines
Statement of Activities
For the Year ended June 30, 2017
	Program Revenues			Net (expenses) Revenue and Change in Net Position
	Expenses	Charges for Services	Operating Grants	Governmental Activities	Business Type Activities	Total
Functions/Programs
Governmental Activities
Central Govt.	9,700,000	1,110,000	-	(8,590,000)		(8,590,000)
Public Safety	23,000,000	1,210,000	698,000	(21,092,000)		(21,092,000)
Public Works	12,190,000	-	-	(12,190,000)		(12,190,000)
Health & Sanitation	6,210,000	2,555,000	1,210,000	(2,445,000)		(2,445,000)
Culuture & Recreation	4,198,000	2,198,000	-	(2,000,000)		(2,000,000)
Interest of Long Term Debt	1,021,000	-	-	(1,021,000)		(1,021,000)
Total Governmental Activities	56,319,000	7,073,000	1,908,000	(47,338,000)		(47,338,000)
Business Type Activities
Water & Sewer System	11,550,000	12,678,000	-	-	1,128,000	1,128,000
Parking System	419,000	298,000	-	-	(121,000)	(121,000)
Total Business Type Activities	11,969,000	12,976,000	-	-	1,007,000	1,007,000
Total - Primary Government	68,288,000	20,049,000	1,908,000	(47,338,000)	1,007,000	(46,331,000)
General Revenues
Property Taxes				27,112,000		27,112,000
Sales Taxes				20,698,000		20,698,000
Investment Earnings				-	319,000	319,000
Special Item Gain on Sale of land				1,250,000		1,250,000
Transfers				(888,000)	888,000	-
Total General Revenues, Special Items & transfers				48,172,000	1,207,000	49,379,000
Change in Net Position				834,000	2,214,000	3,048,000
Net Position, Beginning of Year				11,422,000	22,333,000	33,755,000
Net Position, End of Year				12,256,000	24,547,000	36,803,000

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