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Current Attempt in Progress Swifty

Governmental Funds

Fund Balance Sheets at December $31,2025$

Fund Balances:

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Governmental Funds

Statement of Revenues, Expenditures, and Changes in Fund

Balances for the Year Ended December $31,2025$

Other Financing Sources $($Uses$)$

Proceeds from long$-$term Revenues from licenses and permits are assigned to highways and streets $($ $$100,000)$ and to the general government $($ $$50,000).$

Using the information above, prepare the statement of activities and the statement of net position on a government$-$wide basis $($using

full accrual accounting$).$ The beginning fund balance in the government$-$wide Statement of Net Position is $$2,559,126.($Round answers

to $0$ decimal places. e$.$g$.5,125.)$

Swifty

Statement of Activites $-$Govemment$-$Wide

For the Year Ended December $31,2025$

Program Revenues

$Statement of Net Position $-$ Government$-$Wide Basis

At December $31,2025$

Governmental

Funds

Adjustments

sets

$$,$

bilities and Fund Balance

$

Position

$

tal

$$,$

$$3,$$

Swifty issued an $9\%,10-$year $$2,200,000$ bond to build a monorail mass transit system. The city received $$1,940,874$ cash from the

bond issuance on January $1,2025.$ The bond yield is $11\%.$ Interest is paid annually on December $31$ of each year. Disclosure

information about capital assets is reported below.

Depreciation expense charged to governmental activities as follows:

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