Professional Documents
Culture Documents
200,000
200,000
90,000
90,000
4,200,000
4,200,000
75,000
75,000
75,000
75,000
5. Fund statements
Enterprise fund:
Benefits expenses
Cash
70,000
70,000
70,000
70,000
Enterprise fund is used because the benefits are available to all citizens, not just
government employees.
6. Fund statements
Enterprise fund:
Interest expense
Interest payable
65,000
65,000
50,000
50,000
3. Fund financial statements: $55,000 reported as revenue of the debt service fund on the
governmental funds statement of revenues, expenditures and changes in fund balances;
adds to fund balance: restricted or committed.
Government-wide statements: $55,000 shown as investment income of governmental
activities under general revenues on the statement of activities; adds to restricted net
position.
4. Fund financial statements: $85,000 reported as investment income under revenues of a
permanent fund on the governmental funds statement of revenues, expenditures and
changes in fund balances; adds to fund balance restricted to cultural activities in the
permanent fund column on the governmental funds balance sheet.
Government-wide financial statements: $85,000 reported as program revenues under
governmental activities, and listed as culture and recreation or a similar category on the
statement of activities. Adds to governmental activity net position on the statement of
net position, in a restricted category.
5. Fund financial statements: $45,000 reported as revenues of an enterprise fund on the
proprietary funds statement of revenues, expenses, and changes in net position.
Government-wide statements: $45,000 reported as charges for services under businesstype activities on the statement of activities.
6. Fund financial statements: not reported
Government-wide statements: $35,000 reported as expenses of public safety
governmental activities on the statement of activities; reduces governmental activity
capital assets and net investment in capital assets on the statement of net position.
7. Fund financial statements: $25,000 reported as revenues of the general fund on the
governmental funds statement of revenues, expenditures, and changes in fund balances.
Government-wide statements: $25,000 reported as investment income of governmental
activities under general revenues on the statement of activities.
8. Fund financial statements: $32,000 reported as operating revenues of internal service
funds on the proprietary funds statement of revenues, expenses, and changes in net
position.
Government-wide statements: $32,000 reported as revenue from charges for services,
most likely in the general category of governmental activities on the statement of
activities.
9. Fund financial statements: not reported
Government-wide statements: $30,000 reported as interest expense on long-term debt
under government-wide expenses on the statement of activities.