i. There is very limited information upon which to allocate revenues, fees, and grants against expenditures. Do your best and just try to reflect the spirit of the process. 1. Prepare a reconciliation...

i. There is very limited information upon which to allocate revenues, fees, and grants against expenditures. Do your best and just try to reflect the spirit of the process.

1. Prepare a reconciliation schedule for balance sheet to statement of net position.

2. Prepare a reconciliation for statement of revenues, expenditures, and changes in fund balances to the statement of activities.

3. Based on part (1), prepare the statement of net position.

4. Based on part (2), prepare the statement of activities.