The following information has been provided by the City of
Edward for its most recent December...
The following information has been provided by the City of
Edward for its most recent December 31 fiscal year-end. The
information provided relates to financial information needed to
reconcile the net change in governmental fund balances to the
change in net position of governmental activities.
Net change in total governmental
fund balances
$
322,791
Change in net position of
governmental activities
228,084
Capital outlay reported as
expenditures
237,762
Long-term debt issuance (notes
and leases)
314,083
Depreciation expense
36,955
Accrued expenses...
The following information has been provided for the City of
Elizabeth for its fiscal year ended...
The following information has been provided for the City of
Elizabeth for its fiscal year ended June 30, 2017. The information
provided relates to financial information reported on the city’s
statement of net position and its total governmental funds
balance.
Revenues accrued but unavailable to pay the current period
expenditures$364,600
Capital assets 641,600 Accumulated depreciation
on capital assets 356,800
Accrued interest on bonds and long-term notes payable
2,900
Bonds and long-term notes payable 177,600
Unamortized premium on bonds payable 2,400
Compensated...
The comprehensive annual financial report (CAFR) is prepared by
every governmental entity. Below is a listing...
The comprehensive annual financial report (CAFR) is prepared by
every governmental entity. Below is a listing of the items in the
CAFR. Place them in the proper order by numbering them in the space
provided. (Assign a numeral from 1 to 12 (i.e., "1", "2") in each
indicated cell.)
Balance sheet - governmental funds
Management’s discussion and analysis (MD&A)
Required supplementary information (other than MD&A)
Government-wide statement of activities
Statement of revenues, expenses, and changes in net position -
proprietary...
At the beginning of fiscal 2019, a county government acquires
equipment for $4,000,000. The equipment has...
At the beginning of fiscal 2019, a county government acquires
equipment for $4,000,000. The equipment has an estimated life of 5
years, and straight-line depreciation is used, with no residual
value, if appropriate. At the end of fiscal 2020 (two years later),
the government disposes of the equipment for $1,800,000.
If the equipment is reported in the general fund, what amount is
subtracted in the fiscal 2020 reconciliation of the change in fund
balances of governmental funds to the change...
For each of the items below, using the Model City financial
statements: Provide the $ and...
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):
Total Assets for Total Government Activities
Total Assets for Business-Type Activities
Total Net Position for Total Government
Activities
Total Net Position for Business-Type Activities
Fund balance ending for Governmental Funds
General Revenues: Property taxes, levied for general
purposes
Expenses for Total Governmental Activities
Total Assets in...
The following information is available for the preparation of
the government-wide financial statements for the City...
The following information is available for the preparation of
the government-wide financial statements for the City of Southern
Springs as of April 30, 2020:
Cash and cash equivalents, governmental activities
$
610,000
Cash and cash equivalents, business-type activities
1,283,000
Receivables, governmental activities
726,000
Receivables, business-type activities
2,138,000
Inventories, business-type activities
842,000
Capital assets, net, governmental activities
21,852,000
Capital assets, net, business-type activities
11,493,000
Accounts payable, governmental activities
1,044,000
Accounts payable, business-type activities
904,000
General obligation bonds, governmental activities
12,610,000
Revenue...
At the beginning of fiscal 2019, a county government acquires
equipment for $4,000,000. The equipment has...
At the beginning of fiscal 2019, a county government acquires
equipment for $4,000,000. The equipment has an estimated life of 5
years, and straight-line depreciation is used, with no residual
value, if appropriate. At the end of fiscal 2020 (two years later),
the government disposes of the equipment for $1,800,000.
If the equipment is reported in the general fund, what amount is
included in the fiscal 2019 reconciliation of the change in fund
balances of governmental funds to the change...