Exercises 133.The following information is available for the preparation of the government-wide financial statements of the City of Aurora as of June 30, 2015: Accounts payable, business-type...







Exercises



133.The following information is available for the preparation of the government-wide financial statements of the City of Aurora as of June 30, 2015:





























































Accounts payable, business-type activities




$ 340,000




Accounts payable, governmental activities




610,000




Capital assets, net, business-type activities




10,300,000




Capital assets, net, governmental activities




10,800,000




Cash and cash equivalents, business-type activities






1,900,000




Cash and cash equivalents, governmental activities






1,600,000




Inventories, business-type activities




600,000




Net Position, restricted for debt service, business-type activities






640,000




Net Position, restricted for debt service, governmental activities






930,000




Net Position, net investment in capital assets, business-type activities



Net Position, net investment in capital assets,, governmental activities



Noncurrent liabilities, business-type activities






4,160,000



7,650,000



5,190,000




Noncurrent liabilities, governmental activities






3,150,000




Receivables, business-type activities




1,230,000




Receivables, governmental activities




600,000










Assume all long-term liabilities were incurred in the acquisition of capital assets.



Required: From the information given above, prepare, in good form, a Statement of Net Position for the City of Aurora as of June 30, 2015. Include the unrestricted net position, which is to be computed from the information presented above. Include a total column. Aurora has no component units.















































































































134.The following information is available for the preparation of the government-wide financial statements for the Village of Twin Oaks for the year ended June 30, 2015:













Expenses:



General government



Public safety



Public works



Health and sanitation



Culture and recreation



Water and sewer system



Parking system



Revenues:



Charges for services, general government



Charges for services, public safety



Operating grant, public safety



Charges for services, health and sanitation



Operating grant, health and sanitation



Charges for services, culture and recreation



Charges for services, water and sewer



Charges for services, parking system



Property taxes



Sales taxes



Other:



Special item—gain on sale of park land



Transfer from business-type activities to governmental



Net position, July 1, 2014 – governmental activities



Net position, July 1, 2014 – business-type activities








$21,000,000



18,200,000



13,800,000



6,300,000



5,700,000



8,100,000



420,000



1,200,000



300,000



940,000



3,000,000



920,000



2,200,000



10,250,000



740,000



35,300,000



23,400,000



1,210,000



500,000



14,410,000



12,312,000






Required: From the information given above, prepare, in good form, a Statement of Activities for the Village of Twin Oaks for the Year Ended June 30, 2015.































































































































































































































































































































































May 15, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here