The following water and sewer information is available for the preparation of the financial statements...
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Accounting
The following water and sewer information is available for the preparation of the financial statements for the County of Augusta for the year ended June 30, 2017:
Operating revenuescharges for services
Operating expenses:
Personal services
Contractual services
Utilities
Repairs and maintenance
Depreciation
Interest revenue
Interest expense
Capital contributions
Transfer to General Fund
Net position, July 1, 2016
$17,590,000
9,490,000
1,822,000
880,000
1,580,000
2,640,000
130,000
360,000
997,000
950,000
2,720,000
Required: From the information given above, prepare, in good form, a Water and Sewer Fund column for the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position for the County of Augusta for the Year Ended June 30, 2017.
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