Question

For each of the items below, using the Model City financial statements: Provide the $ and...

  1. For each of the items below, using the Model City financial statements: Provide the $ and state which statement you found the information (i.e.Statement of Activities – Government-wide or Governmental Funds Balance Sheets, etc):
    1. Total Assets for Total Government Activities  
    2. Total Assets for Business-Type Activities
    3. Total Net Position for Total Government Activities  
    4. Total Net Position for Business-Type Activities
    5. Fund balance ending for Governmental Funds
    6. General Revenues: Property taxes, levied for general purposes
    7. Expenses for Total Governmental Activities
    8. Total Assets in the Capital Projects Fund (Library and Civic Center)
    9. Intergovernmental Revenue in the Capital Projects Fund (Library and Civic Center)
    10. Net change in fund balance for the Total Governmental Funds
    11. Total Assets in the Sewer Fund

Homework Answers

Answer #1

Solution:

Sl.No. Statement Found in
a. Total Assets for Total Government Activities   Balance Sheets
b. Total Assets for Business-Type Activities Balance Sheets
c. Total Net Position for Total Government Activities   Governmental Funds
d. Total Net Position for Business-Type Activities P&L A/c
e. Fund balance ending for Governmental Funds Governmental Funds
f. General Revenues: Property taxes, levied for general purposes Government-wide
g. Expenses for Total Governmental Activities Government-wide
h. Total Assets in the Capital Projects Fund (Library and Civic Ce Balance Sheets
i. Intergovernmental Revenue in the Capital Projects Fund (Library Balance Sheets
j. Net change in fund balance for the Total Governmental Funds Governmental Funds
k. Total Assets in the Sewer Fund Balance Sheets
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