Statement of Net Position The following information is available for the prepara
ID: 2453193 • Letter: S
Question
Statement of Net Position
The following information is available for the preparation of the government-wide financial statements for the city of Wheatley, AR as of June 30, 2015. From the information, prepare om good form A Statement of Net Position for the City as of June 30, 2015. Include a total column.
Capital Assets, Net, governmental Activities 85,693,336
Capital Assets, Net, business-type 27,158,624
Inventories, business-type activities 168,054
Inventories, governmental activities 358,572
Investments (noncurrent), governmental activities 36,207,568
Investments (noncurrent), business-type activities 10,484,512
Accounts Receivable, business-type activities 2,029,369
Accounts Receivable, governmental activities 849,606
Taxes (a receivable), governmental activities 3,602,621
Cash and cash equivalents, governmental activities 24,416,055
Cash and cash equivalents, business-type activities 5,270,731
Payroll Payables, business-type activities 810,660
Payroll Payables, Governmental activities 687,160
Notes and loans payable (LT portion of debt),
business-type Activities 2,100,787
Notes and loans payable (LT portion of debt),
Governmental Activities 1,129,535
Accounts Payable, Governmental activities 5,260,946
Accounts Payable, business-type activities 1,714,504
Interest Payable, business-type activities 106,917
Interest Payable, governmental activities 374,380
Tax Refunds, governmental activities 881,088
Notes and loans payable (current portion of debt),
business-type activities 39,699
Notes and loans payable (current portion of debt),
Governmental activities 165,231
Restricted for Debt Service, governmental Activities 409,168
Restricted for Debt Service, business-type Activities 391,307
Net Investments in Capital Assets, business-type
activities 11,055,379
Net Investments in Capital Assets, governmental
Activities 68,739,464
City of Wheatley, AR
Statement of Net Positions
June 30, 2015
Governmental Business-Type
Activities Activities Total
Assets
Current Assets
Noncurrent Assets
Total Assets
Liabilities
Current Liabilities
Noncurrent Liabilities
Total Liabilities
Net Position
Explanation / Answer
Statement of Net Position The following information is available for the prepara
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