The following information is available for the preparation of the statement of activities for the...
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Accounting
The following information is available for the preparation of the statement of activities for the Village of Twin Oaks for the year ended June 30, 2017.
Expenses:
General government
$21,000,000
Public safety
18,800,000
Public works
13,200,000
Health and sanitation
6,300,000
Culture and recreation
5,700,000
Water and sewer system
8,100,000
Parking system
420,000
Revenues:
Charges for services, general government
1,200,000
Charges for services, public safety
300,000
Operating grant, public safety
940,000
Charges for services, health and sanitation
3,000,000
Operating grant, health and sanitation
920,000
Charges for services, culture and recreation
2,200,000
Charges for services, water and sewer
10,250,000
Charges for services, parking system
740,000
Property taxes
33,300,000
Sales taxes
25,400,000
Other:
Special item, gain on sale of park land
1,210,000
Transfer from business-type activities to governmental
700,000
Net assets, July 1, 2016, governmental activities
13,210,000
Net assets, July 1, 2016, business-type activities
14,666,000
Required: From the information given above, prepare, in good form, a statement of activities for the Village of Twin Oaks for the year ended June 30, 2017.
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