e following informatio n is available for the preparation of the government wide
ID: 2551080 • Letter: E
Question
e following informatio n is available for the preparation of the government wide financial state ments 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 $21.000.000 18.200.000 13,800,000 6.300,000 5.700,000 8.100.000 420.000 Revenues 1.200,000 300,000 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 activ ities to govcrnmental Net position. July 1. 2014 goernmental activitics 940.00 3,000.000 920.000 2.200.00 10.250.000 740.000 35.300.000 23.400,00o 1.210.000 500,000 14.410,000 12.312.00o Net position. July 1. 2014 business-type activ ities Required From the information given above, prepare, in good form, a State me nt of Activi ties fo r the Village of Twin Oaks for the Year Ended June 30, 2015.Explanation / Answer
Particulars
Government activities
Non Business Activities
Total
Net position as on July 1 2014
14410000
12312000
26722000
Revenues
Charges for Services ,general governement
1200000
1200000
Charges for Services ,public safety
300000
300000
operationg grant public safety
940000
940000
Charges for services ,health and sanitation
3000000
3000000
Operating grant health and sanitation
920000
920000
Charges for services ,culture and recreation
2200000
2200000
Charges for services ,water and sewer
10250000
10250000
Charges for services ,parking system
740000
740000
Property taxes
35300000
35300000
sales taxes
23400000
23400000
0
Special item gain on sale of park land
1210000
1210000
Transfer from business type activities to governmental
500000
-500000
0
Total
75810000
3650000
79460000
0
Expenses
0
General Governement
21000000
21000000
Public safety
18200000
18200000
Public works
13800000
13800000
Health and sanitation
6300000
6300000
Culture and Recreation
5700000
5700000
Water and sewer system
8100000
8100000
Parking system
420000
420000
Total
67400000
6120000
73520000
Net as on June 30, 2015
22820000
9842000
32662000
Particulars
Government activities
Non Business Activities
Total
Net position as on July 1 2014
14410000
12312000
26722000
Revenues
Charges for Services ,general governement
1200000
1200000
Charges for Services ,public safety
300000
300000
operationg grant public safety
940000
940000
Charges for services ,health and sanitation
3000000
3000000
Operating grant health and sanitation
920000
920000
Charges for services ,culture and recreation
2200000
2200000
Charges for services ,water and sewer
10250000
10250000
Charges for services ,parking system
740000
740000
Property taxes
35300000
35300000
sales taxes
23400000
23400000
0
Special item gain on sale of park land
1210000
1210000
Transfer from business type activities to governmental
500000
-500000
0
Total
75810000
3650000
79460000
0
Expenses
0
General Governement
21000000
21000000
Public safety
18200000
18200000
Public works
13800000
13800000
Health and sanitation
6300000
6300000
Culture and Recreation
5700000
5700000
Water and sewer system
8100000
8100000
Parking system
420000
420000
Total
67400000
6120000
73520000
Net as on June 30, 2015
22820000
9842000
32662000
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