such nice.rtfd/TXT.rtf
From: Dayana Mirabal <[email protected]>
Date: July 5, 2016 at 11:14:49 PM EDT
To: Dayana mirabal <[email protected]>
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For Final Project One, you will use the Final Project One Student Workbook Excel spreadsheet provided for you.
If you would like a refresher course on using various features of Excel, sign in to Atomic Learning and type “Excel” in the search box. This will provide you with options to select the specific level of training that you need (i.e., intro, intermediate, or advanced) and the specific version of Excel that you have (i.e., 2011, 2013, etc.). The trainings are broken down into small, meaningful chunks. Therefore, you should be able to find specific topics at each level that will meet your needs.
IMPORTANT: For the transaction worksheets for each fund, in column A, the part shaded in yellow, code the account 1 for balance sheet accounts and 2 for operating statement accounts. For example, on sheet GF WS, cash is a balance sheet account so in cell A1 you will put 1. These codes will allow the worksheet to automatically populate the operating statement and balance sheet columns on the worksheets. These will automatically populate the corresponding financial statements.
For some funds, you will be required to prepare entries for transactions. Statements will automatically be created (if you properly code column A). You can check your work by ensuring debits equal credits and that the corresponding statements balance.
For other funds, you will be given the completed worksheet for the funds’ transactions and you will be required to prepare the appropriate statements (statements will not automatically be populated from the completed worksheet).
Sheets you are required to complete will have white tabs. Sheets that automatically populate or that have given information will have green tabs.
SAVE YOUR WORK OFTEN!
General Fund
As one of the accountants for the City of Springfield, you will record the following transactions into the accompanying workbooksheet GF WS. Note that some
transactions have already been recorded in the workbook. The city has other accountants who also record transactions.
1. The city levied its general property taxes for the year of $1,580,000. The city estimates that $30,000 of the taxes will prove uncollectible. Record the taxes assuming the city will collect the remaining balance later during the fiscal year.
2. The city collected $1,300,000 of property taxes before the due date for taxes. The remainder of the taxes receivable became delinquent.
3. The city received and vouchered the materials and supplies that were on order from the previous year. The actual cost equaled the estimated cost of these materials and supplies, $19,000. The city records expenditures for materials and supplies when they are consumed. A perpetual inventory system is used.
4. The city incurred and paid salary expenditures as follows:
Accrued salar ...
The Balance Sheets of the General Fund and the Street and Highway Fu.pdfamritjewellay
The Balance Sheets of the General Fund and the Street and Highway Fund of the City of Monroe
as of December 31, 2014, follow. These (beginning) balances have been entered in the proper
general ledger accounts, as of 1/1/2015.
CITY OF MONROE
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash $502,000
Taxes receivable $210,000
Less: Estimated uncollectible taxes (42,000)
net 168,000
Interest and penalties receivable on taxes 5,200
Less: Estimated uncollectible
interest and penalties (950)
net 4,250
Due from state government 210,000
Total assets $884,250
Liabilities, Deferred In
flows, and Fund Equity
Liabilities:
Accounts payable $ 99,000
Due to other funds 27,000
Total liabilities 126,000
Deferred inflows – Property taxes 21,000
Fund equity:
Fund balance—assigned
(for outstanding encumbrances) $17,000
Fund balance—unassigned 720,250
Total fund balance 737,250
Total liabilities, deferred in
flows and fund equity $884,250
CITY OF MONROE
Street and Highway Fund Balance Sheet
As of December 31, 2014
Assets
Cash $21,000
Investments 59,000
Due from state government 109,000
Total assets $189,000
Liabilities and Fund Equity
Liabilities:
Accounts payable $9,000
Fund equity:
Fund balance—assigned for streets and
highways 180,000
Total liabilities and fund equity $189,000
3–C - This portion of the continuous problem continues the General Fund and special revenue
fund examples by requiring the recording and posting of the budgetary entries. To reduce clerical
effort required for the solution use control accounts for the budgetary accounts, revenues,
expenditures and encumbrances. Subsidiary accounts are not required. Budget information for
the City includes:
a) As of January 1, 2015, the City Council approved and the mayor signed a budget calling for
$11,250,000 in property tax and other revenue, $9,300,000 in appropriations for expenditures,
and $1,700,000 to be transferred to two debt service funds for the payment of principal and
interest. Record the budget for the General Fund and post to the ledger.
b) Also as of January 1, 2015, the City Council approved and the mayor signed a budget for the
Street and Highway Fund that provided for estimated revenues from the state government in the
amount of $1,068,000 and appropriations of $1,047,000. Record the budget and post to the
ledger.
4–C. Part 1. General Fund Transactions
Required:
a. Record journal entries for the following transactions for FY 2015. Make any computations to
the nearest dollar. Journal entry explanations are not required. Use control accounts for revenues,
expenditures and budgetary accounts. It is not necessary to reflect subsidiary ledger entries.
(1) Encumbrances of $ 17,000 for purchase orders outstanding at the end of 2014 were re-
established.
(2) The January 1, 2015, balance in Deferred Inflows – Property Taxes relates to the amount of
the 2014 levy that was expected to be collected more than 60 days after December 31. This
amount should be recognized as 2015 revenues..
Continuous Problem – City of Monroe 1Continuous Probl.docxmaxinesmith73660
Continuous Problem – City of Monroe
1
Continuous Problem – City of Monroe
TO ACCOMPANY
ESSENTIALS OF ACCOUNTING FOR GOVERNMENTAL
AND NOT-FOR-PROFIT ORGANIZATIONS:
TWELFTH EDITION
Chapters 2 through 8 describe accounting and financial reporting by state and local
governments. A continuous problem is presented to provide an overview of the reporting
process, including preparation of fund basis and government-wide statements. The problem
assumes the government is using fund accounting for its internal record-keeping and then at
year-end makes necessary adjustments to prepare the government-wide statements. The
problem that follows is presented in the same order as the textbook (beginning with Chapters
3, and 4).
Each chapter requires the preparation of journal entries to record the events and transactions
of governmental, proprietary, or fiduciary funds. For the General Fund, use control accounts
for the budgetary accounts, revenues, expenditures and encumbrances. For all other funds,
use separate accounts for each type of revenue and expenditure/expense. At appropriate
stages, preparation of the fund and government-wide statements are required. The following
funds are included in this series of problems:
Governmental Funds
General
Special revenue—Street and Highway Fund
Capital projects—City Hall Annex Construction Fund
Debt service—City Jail Annex Debt Service Fund
Debt service—City Hall Debt Service Fund
Proprietary Funds
Internal service—Stores and Services Fund
Enterprise—Water and Sewer Fund
Fiduciary Funds
Private-purpose—Student Scholarship Fund
Pension trust—Fire and Police Retirement Fund
Chapters 3 & 4
The Balance Sheets of the General Fund and the Street and Highway Fund of the City of
Monroe as of December 31, 2014, follow. These (beginning) balances have been entered in
the proper general ledger accounts, as of 1/1/2015.
Continuous Problem – City of Monroe
2
CITY OF MONROE
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash $502,000
Taxes receivable $210,000
Less: Estimated uncollectible taxes (42,000)
net 168,000
Interest and penalties receivable on taxes 5,200
Less: Estimated uncollectible interest and penalties (950)
net 4,250
Due from state government 210,000
Total assets $884,250
Liabilities, Deferred Inflows, and Fund Equity
Liabilities:
Accounts payable $ 99,000
Due to other funds 27,000
Total liabilities 126,000
Deferred inflows – Property taxes 21,000
Fund equity:
Fund balance—assigned
(for outstanding encumbrances) $17,000
Fund balance—unassigned 720,250
Total fund balance 737,250
Total liabilities, deferred inflows and fund equity $884,250
CITY OF MONROE
Street and Highway Fund Balance Sheet
As of December 31, 2014
Assets
Cash $21,000
Investments 59,000
Due from state government 109,000
Total assets $189,000
Liabilities and Fund.
Continuous Problem – City of Monroe 1Continuous Probl.docxdonnajames55
Continuous Problem – City of Monroe
1
Continuous Problem – City of Monroe
TO ACCOMPANY
ESSENTIALS OF ACCOUNTING FOR GOVERNMENTAL
AND NOT-FOR-PROFIT ORGANIZATIONS:
TWELFTH EDITION
Chapters 2 through 8 describe accounting and financial reporting by state and local
governments. A continuous problem is presented to provide an overview of the reporting
process, including preparation of fund basis and government-wide statements. The problem
assumes the government is using fund accounting for its internal record-keeping and then at
year-end makes necessary adjustments to prepare the government-wide statements. The
problem that follows is presented in the same order as the textbook (beginning with Chapters
3, and 4).
Each chapter requires the preparation of journal entries to record the events and transactions
of governmental, proprietary, or fiduciary funds. For the General Fund, use control accounts
for the budgetary accounts, revenues, expenditures and encumbrances. For all other funds,
use separate accounts for each type of revenue and expenditure/expense. At appropriate
stages, preparation of the fund and government-wide statements are required. The following
funds are included in this series of problems:
Governmental Funds
¾ General
¾ Special revenue—Street and Highway Fund
¾ Capital projects—City Hall Annex Construction Fund
¾ Debt service—City Jail Annex Debt Service Fund
¾ Debt service—City Hall Debt Service Fund
Proprietary Funds
¾ Internal service—Stores and Services Fund
¾ Enterprise—Water and Sewer Fund
Fiduciary Funds
¾ Private-purpose—Student Scholarship Fund
¾ Pension trust—Fire and Police Retirement Fund
Chapters 3 & 4
The Balance Sheets of the General Fund and the Street and Highway Fund of the City of
Monroe as of December 31, 2014, follow. These (beginning) balances have been entered in
the proper general ledger accounts, as of 1/1/2015.
Continuous Problem – City of Monroe
2
CITY OF MONROE
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash $502,000
Taxes receivable $210,000
Less: Estimated uncollectible taxes (42,000)
net 168,000
Interest and penalties receivable on taxes 5,200
Less: Estimated uncollectible interest and penalties (950)
net 4,250
Due from state government 210,000
Total assets $884,250
Liabilities, Deferred Inflows, and Fund Equity
Liabilities:
Accounts payable $ 99,000
Due to other funds 27,000
Total liabilities 126,000
Deferred inflows – Property taxes 21,000
Fund equity:
Fund balance—assigned
(for outstanding encumbrances) $17,000
Fund balance—unassigned 720,250
Total fund balance 737,250
Total liabilities, deferred inflows and fund equity $884,250
CITY OF MONROE
Street and Highway Fund Balance Sheet
As of December 31, 2014
Assets
Cash $21,000
Investments 59,000
Due from state government 109,000
Total assets $189,000
Liabilities and Fund.
2
Name:
Instructor:
Course:
Date:
Institution Affiliation:
Governmental funds are used to report the accounting records of the government. The government uses the statement of financial position and the operating statements to report to the tax payers. This is because most of the government finances are received from the taxes paid by the taxpayers and the government thus owes a responsibility to the taxpayers of accountability.
The financial statements are comprised of the balance sheet and statement of operations which include all the revenues, expenditure and changes in the fund balances. Prepaid items and inventories are reported as assets during their purchase. The expenditures are deferred in their recognition till the period in which the assets are consumed or used.
The government fund generally focuses on the primary sources, uses and balances of current financial resources in a budget. The government fund includes the following:
· General fund
· Special revenue funds
· Capital projects funds
· Debt service funds
· Permanent funds
Proprietary funds involve the different sectors that a government is divided into for instance state governments. The proprietary funds account are presented by the statement of net position, the cash flows and also the statement of operating expenditures, incomes or revenues and changes in the net position. Individual proprietary funds should be recorded in separate columns. Proprietary funds include enterprise funds and internal service funds. The function of these enterprises is to provide goods and services to the general public at a fee. Internal service funds account for goods and services provided by one department to another department of the governmental unit on a cost-reimbursement basis.
Fiduciary funds are used to account for the assets held in trust by the government for the benefit of the different government departments or entities or individuals. For instance the employees receiving their retirement benefits is an example of the fiduciary fund held by the government. The fiduciary fund includes:
· Agency funds
the agency fund involve the receipt, temporary investment and remittance of the fiduciary resources to their specifics, be they individuals, private governments, or other governments. The statement of net position requires that assets be equal to the liabilities. The statement of the changes in assets and liabilities reports the beginning balances, additions, deductions and ending balances.
· Pension and other employee benefit trust funds
the division is required to hold and report the resources which are held in trust for the beneficiaries of pension plans, contribution plans, postemployment benefit plans, or other employee benefit plans. The requirements of the accounting of the different pension fund are stipulated in the GAAP and require maintaining of separate distinct accounts for the different entities.
· External investment trust funds
it requires the reporting of ...
SRF Entries & T-accounts DUE FROMreference Account Ti.docxwhitneyleman54422
SRF Entries & T-accounts DUE FROMreference Account TitlesDebitsCredits CASH INVESTMENTS STATE GOV'Tbb23,000bb59,000bb107,0003-Ctype debit accounts in this columntype credit accounts in this column-4-C23,00059,000107,000TOTAL FUND BALANCEACCOUNTS PAYABLE (beginning of year)9,000bb180,000bb9,000180,000 REVENUES REVENUESEXPENDITURES - STREETINTERGOVERNMENTALINVESTMENT INTEREST& HIGHWAY MAINTENANCE---BUDGETARY ACCOUNTS BUDGETARYESTIMATED REVENUESAPPROPRIATIONSFUND BALANCE---BUDGETARY FUND BALANCE RESERVE FOR ENCUMBRANCESRESERVE FOR ENCUMBRANCESENCUMBRANCES-bb--Total Debits 189,000Total Credits189,000
&16City of Monroe &16
Street and Highway Fund - General Ledger
Closing Entries BUDGETARYAccount TitleDebitsCreditsFUND BALANCE-Preclosingclosing entry-FUND BALANCE180,000Preclosingclosing entry180,000ending balanceComplete the following tableNon-spendableRestrictedCommittedAssignedUnassignedTotalFund Balance-
&14City of Monroe &14
STREET & HIGHWAY MAINTENANCE FUND - Closing Entries
Stmt of revenues & expendituresRevenuesIntergovernmental RevenuesInterest on Investments Total Revenues$ -ExpendituresCurrent: Street & Highway Maintenance Total Expenditures-Excess (Deficiency) of Revenues Over Expenditures-Fund Balance, January 1Fund Balance, December 31$ -
&"Times New Roman,Regular"&14City of Monroe
Statement of Revenues, Expenditures and Changes in Fund Balance
Street and Highway Maintenance Fund
For the year ended December 31, 2017
Balance SheetAssetsCashInvestmentsDue from State Government Total Assets$ -Liabilities and Fund EquityLiabilitiesAccounts PayableFund EquityFund Balance - Restricted for Street and Highway Maintenance Total Liabilities and Fund Equity$ -
&"Times New Roman,Regular"&14City of Monroe
Street & Highway Maintenance Fund
Balance Sheet
As of December 31, 2017
General Fund Journal Entriesreference Account TitlesDebitsCredits3-Ctype debit accounts in this columntype credit accounts in this column4-C
&"Arial,Bold"&14City of Monroe - General Fund Journal Entries
General Fund T-accounts CASH ESTIMATED INTEREST & PENALTIESESTM' UNCOLLECTIBLE DUE FROMbb497,000TAXES RECEIVABLEUNCOLLECTIBLE TAXES RECEIVABLEINTEREST & PENALTIES STATE GOV'Tbb210,00037,000bbbb5,200950bbbb210,000210,00037,0005,200950210,000497,000 TAX ANTICIPATION DUE TO DUE TO DUE TO DEFERRED INFLOWSACCOUNTS PAYABLE NOTE PAYABLEOTHER FUNDSFEDERAL GOV'T STATE GOV'T - PROPERTY TAXES99,000bb-bb27,000bb-bbbb21,000bb99,000-27,000--21,000 TOTAL FUND BALANCE EXPENDITURESOTHER FINANCING (beginning of year)REVENUES CONTROL CONTROL USES CONTROL737,250bb-25-737,250---BUDGETARY ACCOUNTSESTIMATED OTHER BUDGETARYBUDGETARY FUND BALANCE ENCUMBRANCESESTIMATED REVENUESAPPROPRIATIONSFINANCING USESFUND BALANCE RESERVE FOR ENCUMBRANCESRESERVE FOR ENCUMBRANC.
Assume that the City of Coyote has produced its financial statements f.pdfMax3zSLangdonj
Assume that the City of Coyote has produced its financial statements for December 31, 2020,
and the year then ended. The city's general fund was only used to monitor education and parks.
Its capital projects funds worked in connection with each of these functions at times during the
currentyear. The city also maintained an enterprise fund to account for its art museum. The
government-wide financlal statements provide the following figures: - Education reports net
expenses of $740 , 000 . - Parks reports net expenses of $130 , 000 . - Art museum reports net
revenues of $58 , 000 . - General government revenues for the year were $1 , 015 , 000 with an
overall increase in the city's net position of $203 , 000 . The fund financial statements provide
the following for the entire year. - The general fund reports a $33 , 250 increase in its fund
belance. - The capital projects fund reports a $63 , 250 increase in its fund balance. - The
enterprise fund reports a $75 , 750 increase in its net position. The city asks the CPA firm of
Abernethy and Chapman to examine several transactions that occurred during 2020 and indicate
how to correct any erroneous reporting. Officials also want to know the effect of each error.
View each of the following situations as independent. In 2020, the City of Coyote received a
$375 , 000 cash grant from the state to reduce air pollution. Assume that although a special
revenue fund could have been set up, the money remained in the general fund. Cash was recelved
immediately but had to be returned if the city had not lowered air pollution by 25 percent by
2020 . On December 31, 2020, Coyote spent $256 , 000 of this money for a large machine to
help begin the process of reducing alr pollution. The machine is expected to last for five years
and was recorded as an expenditure in the general fund and as an asset on the government wide
financial statements where it was depreciated based on the straight-line method and the half-year
convention. Becouse the money had been received, all $375 , 000 was recorded as a revenue on
both the fund and the government-wide financial statements. a. What was the correct change for
2020 in the total fund balance reported by the general fund? b. What was the correct overall
change in the net position reported on the government-wide financial statements?.
The Balance Sheets of the General Fund and the Street and Highway Fu.pdfamritjewellay
The Balance Sheets of the General Fund and the Street and Highway Fund of the City of Monroe
as of December 31, 2014, follow. These (beginning) balances have been entered in the proper
general ledger accounts, as of 1/1/2015.
CITY OF MONROE
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash $502,000
Taxes receivable $210,000
Less: Estimated uncollectible taxes (42,000)
net 168,000
Interest and penalties receivable on taxes 5,200
Less: Estimated uncollectible
interest and penalties (950)
net 4,250
Due from state government 210,000
Total assets $884,250
Liabilities, Deferred In
flows, and Fund Equity
Liabilities:
Accounts payable $ 99,000
Due to other funds 27,000
Total liabilities 126,000
Deferred inflows – Property taxes 21,000
Fund equity:
Fund balance—assigned
(for outstanding encumbrances) $17,000
Fund balance—unassigned 720,250
Total fund balance 737,250
Total liabilities, deferred in
flows and fund equity $884,250
CITY OF MONROE
Street and Highway Fund Balance Sheet
As of December 31, 2014
Assets
Cash $21,000
Investments 59,000
Due from state government 109,000
Total assets $189,000
Liabilities and Fund Equity
Liabilities:
Accounts payable $9,000
Fund equity:
Fund balance—assigned for streets and
highways 180,000
Total liabilities and fund equity $189,000
3–C - This portion of the continuous problem continues the General Fund and special revenue
fund examples by requiring the recording and posting of the budgetary entries. To reduce clerical
effort required for the solution use control accounts for the budgetary accounts, revenues,
expenditures and encumbrances. Subsidiary accounts are not required. Budget information for
the City includes:
a) As of January 1, 2015, the City Council approved and the mayor signed a budget calling for
$11,250,000 in property tax and other revenue, $9,300,000 in appropriations for expenditures,
and $1,700,000 to be transferred to two debt service funds for the payment of principal and
interest. Record the budget for the General Fund and post to the ledger.
b) Also as of January 1, 2015, the City Council approved and the mayor signed a budget for the
Street and Highway Fund that provided for estimated revenues from the state government in the
amount of $1,068,000 and appropriations of $1,047,000. Record the budget and post to the
ledger.
4–C. Part 1. General Fund Transactions
Required:
a. Record journal entries for the following transactions for FY 2015. Make any computations to
the nearest dollar. Journal entry explanations are not required. Use control accounts for revenues,
expenditures and budgetary accounts. It is not necessary to reflect subsidiary ledger entries.
(1) Encumbrances of $ 17,000 for purchase orders outstanding at the end of 2014 were re-
established.
(2) The January 1, 2015, balance in Deferred Inflows – Property Taxes relates to the amount of
the 2014 levy that was expected to be collected more than 60 days after December 31. This
amount should be recognized as 2015 revenues..
Continuous Problem – City of Monroe 1Continuous Probl.docxmaxinesmith73660
Continuous Problem – City of Monroe
1
Continuous Problem – City of Monroe
TO ACCOMPANY
ESSENTIALS OF ACCOUNTING FOR GOVERNMENTAL
AND NOT-FOR-PROFIT ORGANIZATIONS:
TWELFTH EDITION
Chapters 2 through 8 describe accounting and financial reporting by state and local
governments. A continuous problem is presented to provide an overview of the reporting
process, including preparation of fund basis and government-wide statements. The problem
assumes the government is using fund accounting for its internal record-keeping and then at
year-end makes necessary adjustments to prepare the government-wide statements. The
problem that follows is presented in the same order as the textbook (beginning with Chapters
3, and 4).
Each chapter requires the preparation of journal entries to record the events and transactions
of governmental, proprietary, or fiduciary funds. For the General Fund, use control accounts
for the budgetary accounts, revenues, expenditures and encumbrances. For all other funds,
use separate accounts for each type of revenue and expenditure/expense. At appropriate
stages, preparation of the fund and government-wide statements are required. The following
funds are included in this series of problems:
Governmental Funds
General
Special revenue—Street and Highway Fund
Capital projects—City Hall Annex Construction Fund
Debt service—City Jail Annex Debt Service Fund
Debt service—City Hall Debt Service Fund
Proprietary Funds
Internal service—Stores and Services Fund
Enterprise—Water and Sewer Fund
Fiduciary Funds
Private-purpose—Student Scholarship Fund
Pension trust—Fire and Police Retirement Fund
Chapters 3 & 4
The Balance Sheets of the General Fund and the Street and Highway Fund of the City of
Monroe as of December 31, 2014, follow. These (beginning) balances have been entered in
the proper general ledger accounts, as of 1/1/2015.
Continuous Problem – City of Monroe
2
CITY OF MONROE
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash $502,000
Taxes receivable $210,000
Less: Estimated uncollectible taxes (42,000)
net 168,000
Interest and penalties receivable on taxes 5,200
Less: Estimated uncollectible interest and penalties (950)
net 4,250
Due from state government 210,000
Total assets $884,250
Liabilities, Deferred Inflows, and Fund Equity
Liabilities:
Accounts payable $ 99,000
Due to other funds 27,000
Total liabilities 126,000
Deferred inflows – Property taxes 21,000
Fund equity:
Fund balance—assigned
(for outstanding encumbrances) $17,000
Fund balance—unassigned 720,250
Total fund balance 737,250
Total liabilities, deferred inflows and fund equity $884,250
CITY OF MONROE
Street and Highway Fund Balance Sheet
As of December 31, 2014
Assets
Cash $21,000
Investments 59,000
Due from state government 109,000
Total assets $189,000
Liabilities and Fund.
Continuous Problem – City of Monroe 1Continuous Probl.docxdonnajames55
Continuous Problem – City of Monroe
1
Continuous Problem – City of Monroe
TO ACCOMPANY
ESSENTIALS OF ACCOUNTING FOR GOVERNMENTAL
AND NOT-FOR-PROFIT ORGANIZATIONS:
TWELFTH EDITION
Chapters 2 through 8 describe accounting and financial reporting by state and local
governments. A continuous problem is presented to provide an overview of the reporting
process, including preparation of fund basis and government-wide statements. The problem
assumes the government is using fund accounting for its internal record-keeping and then at
year-end makes necessary adjustments to prepare the government-wide statements. The
problem that follows is presented in the same order as the textbook (beginning with Chapters
3, and 4).
Each chapter requires the preparation of journal entries to record the events and transactions
of governmental, proprietary, or fiduciary funds. For the General Fund, use control accounts
for the budgetary accounts, revenues, expenditures and encumbrances. For all other funds,
use separate accounts for each type of revenue and expenditure/expense. At appropriate
stages, preparation of the fund and government-wide statements are required. The following
funds are included in this series of problems:
Governmental Funds
¾ General
¾ Special revenue—Street and Highway Fund
¾ Capital projects—City Hall Annex Construction Fund
¾ Debt service—City Jail Annex Debt Service Fund
¾ Debt service—City Hall Debt Service Fund
Proprietary Funds
¾ Internal service—Stores and Services Fund
¾ Enterprise—Water and Sewer Fund
Fiduciary Funds
¾ Private-purpose—Student Scholarship Fund
¾ Pension trust—Fire and Police Retirement Fund
Chapters 3 & 4
The Balance Sheets of the General Fund and the Street and Highway Fund of the City of
Monroe as of December 31, 2014, follow. These (beginning) balances have been entered in
the proper general ledger accounts, as of 1/1/2015.
Continuous Problem – City of Monroe
2
CITY OF MONROE
General Fund Balance Sheet
As of December 31, 2014
Assets
Cash $502,000
Taxes receivable $210,000
Less: Estimated uncollectible taxes (42,000)
net 168,000
Interest and penalties receivable on taxes 5,200
Less: Estimated uncollectible interest and penalties (950)
net 4,250
Due from state government 210,000
Total assets $884,250
Liabilities, Deferred Inflows, and Fund Equity
Liabilities:
Accounts payable $ 99,000
Due to other funds 27,000
Total liabilities 126,000
Deferred inflows – Property taxes 21,000
Fund equity:
Fund balance—assigned
(for outstanding encumbrances) $17,000
Fund balance—unassigned 720,250
Total fund balance 737,250
Total liabilities, deferred inflows and fund equity $884,250
CITY OF MONROE
Street and Highway Fund Balance Sheet
As of December 31, 2014
Assets
Cash $21,000
Investments 59,000
Due from state government 109,000
Total assets $189,000
Liabilities and Fund.
2
Name:
Instructor:
Course:
Date:
Institution Affiliation:
Governmental funds are used to report the accounting records of the government. The government uses the statement of financial position and the operating statements to report to the tax payers. This is because most of the government finances are received from the taxes paid by the taxpayers and the government thus owes a responsibility to the taxpayers of accountability.
The financial statements are comprised of the balance sheet and statement of operations which include all the revenues, expenditure and changes in the fund balances. Prepaid items and inventories are reported as assets during their purchase. The expenditures are deferred in their recognition till the period in which the assets are consumed or used.
The government fund generally focuses on the primary sources, uses and balances of current financial resources in a budget. The government fund includes the following:
· General fund
· Special revenue funds
· Capital projects funds
· Debt service funds
· Permanent funds
Proprietary funds involve the different sectors that a government is divided into for instance state governments. The proprietary funds account are presented by the statement of net position, the cash flows and also the statement of operating expenditures, incomes or revenues and changes in the net position. Individual proprietary funds should be recorded in separate columns. Proprietary funds include enterprise funds and internal service funds. The function of these enterprises is to provide goods and services to the general public at a fee. Internal service funds account for goods and services provided by one department to another department of the governmental unit on a cost-reimbursement basis.
Fiduciary funds are used to account for the assets held in trust by the government for the benefit of the different government departments or entities or individuals. For instance the employees receiving their retirement benefits is an example of the fiduciary fund held by the government. The fiduciary fund includes:
· Agency funds
the agency fund involve the receipt, temporary investment and remittance of the fiduciary resources to their specifics, be they individuals, private governments, or other governments. The statement of net position requires that assets be equal to the liabilities. The statement of the changes in assets and liabilities reports the beginning balances, additions, deductions and ending balances.
· Pension and other employee benefit trust funds
the division is required to hold and report the resources which are held in trust for the beneficiaries of pension plans, contribution plans, postemployment benefit plans, or other employee benefit plans. The requirements of the accounting of the different pension fund are stipulated in the GAAP and require maintaining of separate distinct accounts for the different entities.
· External investment trust funds
it requires the reporting of ...
SRF Entries & T-accounts DUE FROMreference Account Ti.docxwhitneyleman54422
SRF Entries & T-accounts DUE FROMreference Account TitlesDebitsCredits CASH INVESTMENTS STATE GOV'Tbb23,000bb59,000bb107,0003-Ctype debit accounts in this columntype credit accounts in this column-4-C23,00059,000107,000TOTAL FUND BALANCEACCOUNTS PAYABLE (beginning of year)9,000bb180,000bb9,000180,000 REVENUES REVENUESEXPENDITURES - STREETINTERGOVERNMENTALINVESTMENT INTEREST& HIGHWAY MAINTENANCE---BUDGETARY ACCOUNTS BUDGETARYESTIMATED REVENUESAPPROPRIATIONSFUND BALANCE---BUDGETARY FUND BALANCE RESERVE FOR ENCUMBRANCESRESERVE FOR ENCUMBRANCESENCUMBRANCES-bb--Total Debits 189,000Total Credits189,000
&16City of Monroe &16
Street and Highway Fund - General Ledger
Closing Entries BUDGETARYAccount TitleDebitsCreditsFUND BALANCE-Preclosingclosing entry-FUND BALANCE180,000Preclosingclosing entry180,000ending balanceComplete the following tableNon-spendableRestrictedCommittedAssignedUnassignedTotalFund Balance-
&14City of Monroe &14
STREET & HIGHWAY MAINTENANCE FUND - Closing Entries
Stmt of revenues & expendituresRevenuesIntergovernmental RevenuesInterest on Investments Total Revenues$ -ExpendituresCurrent: Street & Highway Maintenance Total Expenditures-Excess (Deficiency) of Revenues Over Expenditures-Fund Balance, January 1Fund Balance, December 31$ -
&"Times New Roman,Regular"&14City of Monroe
Statement of Revenues, Expenditures and Changes in Fund Balance
Street and Highway Maintenance Fund
For the year ended December 31, 2017
Balance SheetAssetsCashInvestmentsDue from State Government Total Assets$ -Liabilities and Fund EquityLiabilitiesAccounts PayableFund EquityFund Balance - Restricted for Street and Highway Maintenance Total Liabilities and Fund Equity$ -
&"Times New Roman,Regular"&14City of Monroe
Street & Highway Maintenance Fund
Balance Sheet
As of December 31, 2017
General Fund Journal Entriesreference Account TitlesDebitsCredits3-Ctype debit accounts in this columntype credit accounts in this column4-C
&"Arial,Bold"&14City of Monroe - General Fund Journal Entries
General Fund T-accounts CASH ESTIMATED INTEREST & PENALTIESESTM' UNCOLLECTIBLE DUE FROMbb497,000TAXES RECEIVABLEUNCOLLECTIBLE TAXES RECEIVABLEINTEREST & PENALTIES STATE GOV'Tbb210,00037,000bbbb5,200950bbbb210,000210,00037,0005,200950210,000497,000 TAX ANTICIPATION DUE TO DUE TO DUE TO DEFERRED INFLOWSACCOUNTS PAYABLE NOTE PAYABLEOTHER FUNDSFEDERAL GOV'T STATE GOV'T - PROPERTY TAXES99,000bb-bb27,000bb-bbbb21,000bb99,000-27,000--21,000 TOTAL FUND BALANCE EXPENDITURESOTHER FINANCING (beginning of year)REVENUES CONTROL CONTROL USES CONTROL737,250bb-25-737,250---BUDGETARY ACCOUNTSESTIMATED OTHER BUDGETARYBUDGETARY FUND BALANCE ENCUMBRANCESESTIMATED REVENUESAPPROPRIATIONSFINANCING USESFUND BALANCE RESERVE FOR ENCUMBRANCESRESERVE FOR ENCUMBRANC.
Assume that the City of Coyote has produced its financial statements f.pdfMax3zSLangdonj
Assume that the City of Coyote has produced its financial statements for December 31, 2020,
and the year then ended. The city's general fund was only used to monitor education and parks.
Its capital projects funds worked in connection with each of these functions at times during the
currentyear. The city also maintained an enterprise fund to account for its art museum. The
government-wide financlal statements provide the following figures: - Education reports net
expenses of $740 , 000 . - Parks reports net expenses of $130 , 000 . - Art museum reports net
revenues of $58 , 000 . - General government revenues for the year were $1 , 015 , 000 with an
overall increase in the city's net position of $203 , 000 . The fund financial statements provide
the following for the entire year. - The general fund reports a $33 , 250 increase in its fund
belance. - The capital projects fund reports a $63 , 250 increase in its fund balance. - The
enterprise fund reports a $75 , 750 increase in its net position. The city asks the CPA firm of
Abernethy and Chapman to examine several transactions that occurred during 2020 and indicate
how to correct any erroneous reporting. Officials also want to know the effect of each error.
View each of the following situations as independent. In 2020, the City of Coyote received a
$375 , 000 cash grant from the state to reduce air pollution. Assume that although a special
revenue fund could have been set up, the money remained in the general fund. Cash was recelved
immediately but had to be returned if the city had not lowered air pollution by 25 percent by
2020 . On December 31, 2020, Coyote spent $256 , 000 of this money for a large machine to
help begin the process of reducing alr pollution. The machine is expected to last for five years
and was recorded as an expenditure in the general fund and as an asset on the government wide
financial statements where it was depreciated based on the straight-line method and the half-year
convention. Becouse the money had been received, all $375 , 000 was recorded as a revenue on
both the fund and the government-wide financial statements. a. What was the correct change for
2020 in the total fund balance reported by the general fund? b. What was the correct overall
change in the net position reported on the government-wide financial statements?.
Assume that the City of Coyote has produced its financial statements f.pdfOwenoB2Wilsonp
Assume that the City of Coyote has produced its financial statements for December 31, 2020,
and the year then ended. The city's general fund was only used to monitor education and parks.
Its capital projects funds worked in connection with each of these functions at times during the
currentyear. The city also maintained an enterprise fund to account for its art museum. The
government-wide financlal statements provide the following figures: - Education reports net
expenses of $740 , 000 . - Parks reports net expenses of $130 , 000 . - Art museum reports net
revenues of $58 , 000 . - General government revenues for the year were $1 , 015 , 000 with an
overall increase in the city's net position of $203 , 000 . The fund financial statements provide
the following for the entire year. - The general fund reports a $33 , 250 increase in its fund
belance. - The capital projects fund reports a $63 , 250 increase in its fund balance. - The
enterprise fund reports a $75 , 750 increase in its net position. The city asks the CPA firm of
Abernethy and Chapman to examine several transactions that occurred during 2020 and indicate
how to correct any erroneous reporting. Officials also want to know the effect of each error.
View each of the following situations as independent. In 2020, the City of Coyote received a
$375 , 000 cash grant from the state to reduce air pollution. Assume that although a special
revenue fund could have been set up, the money remained in the general fund. Cash was recelved
immediately but had to be returned if the city had not lowered air pollution by 25 percent by
2020 . On December 31, 2020, Coyote spent $256 , 000 of this money for a large machine to
help begin the process of reducing alr pollution. The machine is expected to last for five years
and was recorded as an expenditure in the general fund and as an asset on the government wide
financial statements where it was depreciated based on the straight-line method and the half-year
convention. Becouse the money had been received, all $375 , 000 was recorded as a revenue on
both the fund and the government-wide financial statements. a. What was the correct change for
2020 in the total fund balance reported by the general fund? b. What was the correct overall
change in the net position reported on the government-wide financial statements?.
Acct 567 final exam solutions 100% correct answersProfessorLance
The document contains the solutions to an accounting exam with multiple choice questions covering topics such as government-wide financial reporting, transfers between funds, budgetary reporting requirements, revenue and expense recognition, and accounting for donations. It also provides journal entries and financial statements for various governmental and not-for-profit organizations.
The Parkrose Township Capital Improvement Plan outlines 11 proposed projects over the next 5 years totaling $5.27 million. This includes upgrading the police radio system, computer systems, building a new fire station and purchasing an elevated fire truck, constructing a municipal maintenance garage, remodeling the municipal building, building a new law enforcement complex, and constructing a new public library. The plan aims to utilize the township's accumulated fund balance and implement a short-term tax increase to fund the projects while keeping debt service low and increasing property values. The projects will be carried out in stages over the 5-year period.
The finance director presented the proposed FY 2020-21 budget. Key points included:
- The budget must be balanced according to state law and cover expenditures with authorized revenue.
- The proposed budget revenues exceed operating expenditures by $175,232, creating working capital.
- The general fund is projected to have a 53% fund balance, exceeding the recommended 25% minimum.
- Other funds like utility, capital projects, and capital replacement were summarized.
- The city council will hold a public hearing on the proposed budget on September 14th and vote to adopt it on September 21st.
This document discusses proprietary funds accounting, which deals with accounting for business-type activities of governmental units. There are two types of proprietary funds: enterprise funds and internal service funds. Enterprise funds may be used to report any activity for which a fee is charged to external users, like utilities. Internal service funds are used to account for activities that provide goods/services to other funds/agencies on a cost reimbursement basis, like central computer facilities. Examples are provided for journal entries related to transactions for enterprise funds and internal service funds.
ACCT 567 PAPERS Lessons in Excellence--acct567help.comthomashard71
This document provides an overview of the course materials for ACCT 567 Entire Course offered through Keller Graduate School of Management. It lists the weekly assignments, exercises, case studies, exams, and problems from the textbook. The course covers governmental and not-for-profit accounting, including funds, budgeting, financial reporting, and pension accounting. Key topics include the different types of funds used by governments, the accounting treatment for various transactions, and preparation of financial statements for governmental and not-for-profit entities in accordance with GASB standards.
The Hills City maintains a Water and Sewer Fund to provide utility s.pdfpreetamsahu17
The Hills City maintains a Water and Sewer Fund to provide utility services to its citizens. As of
January 1, 2020, the Water and Sewer Fund had the following account balances:
(1) During the year, sales of water to non-government customers amounted to $1,025,000 and
sales of water to the General Fund amounted to $37,000.
(2) Collections from non-government customers amounted to $983,000.
(3) The Stores and Services Fund repaid $15,000 of the long-term advance to the Water and
Sewer Fund.
(4) Materials and supplies in the amount of $261,000 were received. A liability in that amount
was recorded.
(5) Materials and supplies were issued and were charged to the following accounts: cost of sales
and services, $180,000; selling, $15,000; administration, $18,000; construction work in progress,
$50,000.
(6) Payroll costs for the year totaled $416,200 plus $34,200 for the employer's share of payroll
taxes. Of that amount, $351,900 was paid in cash, and the remainder was withheld for taxes. The
$450,400 (416,200 + 34,200) was distributed as follows: cost of sales and services, $265,800;
sales, $43,900; administration, $91,400; construction work in progress, $49,300.
(7) Bond interest (5%) was paid.
(8) In accord with the revenue bond indenture, $25,000 cash was transferred from operating cash
to restricted assets.
(9) Construction projects at the water treatment plant (reflected in the beginning balance of
construction in process) were completed in the amount of $214,000, and the assets were placed
in service. Payments for these amounts were made in the previous year (no effect on 2020
Statement of Cash Flows).
(10) Collection efforts were discontinued on bills totaling $3,500. The unpaid receivables were
written off.
(11) An analysis of customer receivable balances indicated the Estimated Uncollectible Accounts
needed to be increased by $6,500.
(12) Payment of accounts payable amounted to $332,000. Payments of payroll taxes totaled
$95,200.
(13) Supplies transferred from the Stores and Services Fund amounted to $58,000. Cash in the
amount of $50,000 was paid to the Stores and Services Fund for supplies.
(14) Depreciation expense for the year was computed to be $267,000.
Required:
(A) Open a general journal for the Water and Sewer Utility Fund and record the above
transactions.
(B) A Statement of Revenues, Expenses, and Changes in Fund Net position for the Year Ended
December 31, 2020.
(C) A Statement of Net position, as of December 31, 2020.DebitsCreditsCash$102,000Customer
Accounts Receivable80,000Estimated Uncollectible Accounts Receivable$4,500Materials and
Supplies28,000Advance to Stores and Services Fund30,000Restricted Assets117,000Water
Treatment Plant in Service4,200,000Construction Work in Progress203,000Accumulated
Depreciation - Utility Plant1,200,000Accounts Payable96,500Revenue Bonds Payable (5%
interest)2,500,000Net position959,000Totals$4,760,000$4,760,000.
This document provides a group assignment for a government accounting course. It includes 3 problems involving journal entries, financial statements, and accounting for governmental and enterprise funds. Problem 1 involves journal entries for transactions of a city government. Problem 2 requires journal entries, trial balance, and financial statements for a city debt service fund. Problem 3 requires preparation of financial statements for a city parking facilities enterprise fund.
This document provides an overview of key concepts from chapters 10 and 11 of the textbook related to fiduciary funds, component units, and financial reporting. Some key points include:
1) Permanent funds are classified as fiduciary funds under GASB Statement 34. Fiduciary funds use full accrual accounting and focus on current resources.
2) Component units are legally separate organizations for which a primary government is financially accountable. A primary government and its component units must be incorporated into the government-wide financial statements.
3) The comprehensive annual financial report includes audited financial statements and required supplementary information to provide full disclosure of a government's financial status and operations.
The document provides an overview of the City of Bainbridge Island's 2016 budget. It highlights several infrastructure projects for the year including road reconstructions, trail improvements, and upgrades to parks and docks. It also summarizes the city's finances, including revenues from taxes, utilities, and fees that fund the general fund and other departments like public works, planning, and public safety. Priority Based Budgeting was implemented to align programs and services with key community goals.
Week Four Exercise AssignmentLiability1. Payroll accounting. A.docxalanfhall8953
Week Four Exercise Assignment
Liability
1. Payroll accounting. Assume that the following tax rates and payroll information pertain to Brookhaven Publishing:
· Social Security taxes: 6% on the first $55,000 earned
· Medicare taxes: 1.5% on the first $130,000 earned
· Federal income taxes withheld from wages: $7,500
· State income taxes: 5% of gross earnings
· Insurance withholdings: 1% of gross earnings
· State unemployment taxes: 5.4% on the first $7,000 earned
· Federal unemployment taxes: 0.8% on the first $7,000 earned
The company incurred a salary expense of $50,000 during February. All employees had earned less than $5,000 by month-end.
a. Prepare the necessary entry to record Brookhaven’s February payroll. The entry will include deductions for the following:
· Social Security taxes
· Medicare taxes
· Federal income taxes withheld
· State income taxes
· Insurance withholdings
b. Prepare the journal entry to record Brookhaven’s payroll tax expense. The entry will include the following:
· Matching Social Security taxes
· Matching Medicare taxes
· State unemployment taxes
· Federal unemployment taxes
2. Current liabilities: entries and disclosure. A review of selected financial activities of Visconti’s during 20XX disclosed the following:
12/1
Borrowed $20,000 from the First City Bank by signing a 3- month, 15% note payable. Interest and principal are due at maturity.
2/10
Established a warranty liability for the XY-80, a new product. Sales are expected to total 1,000 units during the month. Past experience with similar products indicates that 2% of the units will require repair, with warranty costs averaging $27 per unit.
12/22
Purchased $16,000 of merchandise on account from Oregon Company, terms 2/10, n/30.
12/26
Borrowed $5,000 from First City Bank; signed a note payable due in 60 days.
12/31
Repaired six XY-80s during the month at a total cost of $162.
12/31
Accrued 3 days of salaries at a total cost of $1,400.
Instructions
a. Prepare journal entries to record the transactions.
b. Prepare adjusting entries on October 31 to record accrued interest.
c. Prepare the Current Liability section of Red Bank’s balance sheet as of October 31. Assume that the Accounts Payable account totals $203,600 on this date.
3. Notes payable. Red Bank Enterprises was involved in the following transactions during the fiscal year ending October 31:
8/2:
Borrowed $75,000 from the Bank of Kingsville by signing a 120-day note.
8/20:
Issued a $40,000 note to Harris Motors for the purchase of a $40,000 delivery truck. The note is due in 180 days and carries a 12% interest rate.
9/10:
Purchased merchandise from Pans Enterprises in the amount of $15,000. Issued a 30-day, 12% note in settlement of the balance owed.
9/11:
Issued a $60,000 note to Datatex Equipment in settlement of an overdue account payable of the same amount. The note is due in 30 days and carries a 14% interest rate.
10/10:
The note to Pans Enterprises was p.
City Manager Mark Browne presented the proposed FY 2018-19 operating budget and scheduled a public hearing on the budget. The proposed budget is balanced and generates $252,788 in additional working capital. A public hearing on the budget will be held on September 10, 2018, with city council scheduled to adopt the budget and 2018 property tax rate on September 24, 2018. The presentation summarized the proposed tax rate, revenues and expenditures for the general fund and other funds including utility, capital projects, and debt service.
This document presents the proposed FY 2017-2018 operating budget and schedules a public hearing for the budget. It summarizes the proposed budget, including maintaining a balanced budget in accordance with state law. The general fund budget projects a $314K working capital. The proposed property tax rate of $0.386439 per $100 valuation is equal to the effective tax rate and will generate $84K in net revenue. Other funds like utility, capital projects, and capital replacement are also summarized. A public hearing on the budget is scheduled for September 11th with adoption planned for September 25th.
1. The document provides solutions to economics exam questions on macroeconomics, distinguishing between GDP at market price and factor price. GDP at market price is equal to GNP at market price minus depreciation, while GDP at factor cost is the sum of incomes to the four factors of production.
2. It then explains the expenditure method of measuring GDP as the sum of consumption, investment, government spending, and net exports. Precautions for this method include excluding used goods and transfer payments.
3. The document also covers the Keynesian theory of income and employment, which states that equilibrium income is determined by aggregate demand and supply and may be below full employment. Government spending can increase aggregate demand and raise income to
Chapter 2Exercises1. Issuance of stockPrepare journal entr.docxcravennichole326
Chapter 2
Exercises
1. Issuance of stock
Prepare journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases:
a. Jackson Corporation has common stock with a par value of $1 per share.
b. Royal Corporation has no-par common with a stated value of $5 per share.
c. French Corporation has no-par common; no stated value has been assigned.
2. Stock subscriptions: Journal entries
Investors recently subscribed to 5,000 shares of B&J Travel's $1 par-value common stock at $10 per share. During the year, the company received 80% of the balances due, which resulted in the issuance of 4,000 shares of stock.
a. Prepare journal entries to record
1) the subscriptions to investors.
2) the receipt of cash from subscribers.
3) the issuance of shares.
b. Determine the year-end balance in the Common Stock Subscribed account.
c. Determine the year-end balance in the Common Stock Subscriptions Receivable account.
3. Analysis of stockholders' equity
Star Corporation issued both common and preferred stock during 20X6. The stockholders' equity sections of the company's balance sheets at the end of 20X6 and 20X5 follow:
20X6
20X5
Preferred stock, $100 par value, 10%
$ 580,000
$ 500,000
Common stock, $10 par value
2,350,000
1,750,000
Paid-in capital in excess of par value
Preferred
24,000
—
Common
4,620,000
3,600,000
Retained earnings
8,470,000
6,920,000
Total stockholders' equity
$16,044,000
$12,770,000
a. Compute the number of preferred shares that were issued during 20X6.
b. Calculate the average issue price of the common stock sold in 20X6.
c. By what amount did the company's paid-in capital increase during 20X6?
d. Did Star's total legal capital increase or decrease during 20X6? By what amount?
4. Preparation of stockholders' equity section
The following data relate to LeMaster Corporation as of December 31, 20XX, the close of the current accounting period:
. Preferred stock—The company has 1,000 shares of $50 par-value cumulative preferred stock authorized. The stock pays a 10% dividend; to date, 400 shares have been issued at $55 per share.
. Common stock—A total of 25,000 shares of $1 stated-value common stock is authorized. To date, 10,000 shares have been issued at $10 per share, and an additional 3,000 shares have been subscribed to at $15 per share.
Assuming a retained earnings balance of $177,000, prepare the stockholders' equity section of LeMaster's December 31, 20XX balance sheet.
· Bond premium: Straight-line amortization
Castillo Company issued $200,000 of 10% 4-year bonds on January 1, 20X1 for $216,000. The bonds pay interest semiannually on June 30 and December 31.
e. Prepare the required journal entry to record the bond issuance on January 1, 20X1.
e. Prepare entries to record the interest payment and premium amortization on June 30 and December 31, 20X1. Castillo uses the straight-line method of amortization.
e. Compute 20X1 bond interest expense.
e. Present th ...
The Finance Director presented the proposed FY 2019-20 budget. The budget is required to be balanced with revenues covering expenditures. The proposed budget projects $325,971 in net revenue after transfers. This would increase the general fund balance to $5.3 million. The utility fund budget projects a $1.3 million operating surplus with a $1.4 million fund balance. The document outlines revenues, expenditures and fund balances for other governmental funds including capital projects and street maintenance. It schedules public hearings on September 9th and budget adoption on September 23rd.
NPV, IRR, Payback period,— PA1Correlates with CLA2 (NPV portion.docxpicklesvalery
NPV, IRR, Payback period,—> PA1
Correlates with CLA2 (NPV portion)
Real world examples
Which method is used more commonly?
Reference
**************
make 4 PPT slides. bullet points on the slides. speech notes on note area needed references
.
Now that you have had the opportunity to review various Cyber At.docxpicklesvalery
Now that you have had the opportunity to review various Cyber Attack Scenarios, it is now your turn to create one. As a Group you will identify a Scenario plagued with Cyber Threats. Each team will then be required to create a Threat Model (Logic Diagram) with various options. Selections will result in another option.
Below are some examples of possible Threat Modeling activities.
https://insights.sei.cmu.edu/sei_blog/2018/12/threat-modeling-12-available-methods.html
Each team will be required to present their Threat Model via Powerpoint and present to the class on Day 3. Each member of the team will be required to submit a copy of their teams powerpoint.
Subject :
Spring 2020 - Emerging Threats & Countermeas (ITS-834-25) - Full Term
Documentation :
https://www.cs.montana.edu/courses/csci476/topics/threat_modeling.pdf
Example :
https://www.helpsystems.com/blog/break-time-6-cybersecurity-games-youll-love
1. Targeted Attack: The Game
2. Cybersecurity Lab
3. Cyber Awareness Challenge
4. Keep Tradition Secure
What you need to do:
Write one page abstract
DO one page PPT
Write 2 pages main paper for this two topics( Library users and librarian & User credentials )
Draw a diagram if possible
.
Now that you have completed a series of assignments that have led yo.docxpicklesvalery
Now that you have completed a series of assignments that have led you into the active project planning and development stage for your project "
Work Overload in Healthcare System"
, briefly describe your proposed solution to address the problem, issue, suggestion, initiative, or educational need and how it has changed since you first envisioned it. What led to your current perspective and direction?
.
Now that you have completed your paper (ATTACHED), build and deliver.docxpicklesvalery
Now that you have completed your paper (ATTACHED), build and deliver a presentation that details your solution to the healthcare issue that serves as your topic.
In your presentation, you should:
Exhibit comprehensive research and understanding by referencing important points and insights from the perspectives of inquiry papers.
Present your issue and your argument for your solution
Demonstrate effective oral communication skills:
Exhibit competency in using virtual presentation tools and techniques.
Demonstrate planning, preparation, and practice.
Employ effective visual elements (multimedia).
.
Now that you have identified the revenue-related internal contro.docxpicklesvalery
Now that you have identified the revenue-related internal control that relates to the five assertions (existence, completeness, accuracy or valuation, rights and obligations, and presentation and disclosure), the test of controls will need to be identified for each assertion and internal control.
For this assignment, you will write and submit 400–500 words that set specific tests of internal controls for the 5 internal controls related to management assertions that you identified for the Unit 4
.
Now that you have read about Neandertals and modern Homo sapiens.docxpicklesvalery
Now that you have read about Neandertals and modern Homo sapiens, do you think that peoples' attitudes towards Neandertals in the past (and some today) was and is racist in nature? If you do, do you think the view is changing?
Answer the above question in an essay between 125 and 150 words.
.
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Assume that the City of Coyote has produced its financial statements f.pdfOwenoB2Wilsonp
Assume that the City of Coyote has produced its financial statements for December 31, 2020,
and the year then ended. The city's general fund was only used to monitor education and parks.
Its capital projects funds worked in connection with each of these functions at times during the
currentyear. The city also maintained an enterprise fund to account for its art museum. The
government-wide financlal statements provide the following figures: - Education reports net
expenses of $740 , 000 . - Parks reports net expenses of $130 , 000 . - Art museum reports net
revenues of $58 , 000 . - General government revenues for the year were $1 , 015 , 000 with an
overall increase in the city's net position of $203 , 000 . The fund financial statements provide
the following for the entire year. - The general fund reports a $33 , 250 increase in its fund
belance. - The capital projects fund reports a $63 , 250 increase in its fund balance. - The
enterprise fund reports a $75 , 750 increase in its net position. The city asks the CPA firm of
Abernethy and Chapman to examine several transactions that occurred during 2020 and indicate
how to correct any erroneous reporting. Officials also want to know the effect of each error.
View each of the following situations as independent. In 2020, the City of Coyote received a
$375 , 000 cash grant from the state to reduce air pollution. Assume that although a special
revenue fund could have been set up, the money remained in the general fund. Cash was recelved
immediately but had to be returned if the city had not lowered air pollution by 25 percent by
2020 . On December 31, 2020, Coyote spent $256 , 000 of this money for a large machine to
help begin the process of reducing alr pollution. The machine is expected to last for five years
and was recorded as an expenditure in the general fund and as an asset on the government wide
financial statements where it was depreciated based on the straight-line method and the half-year
convention. Becouse the money had been received, all $375 , 000 was recorded as a revenue on
both the fund and the government-wide financial statements. a. What was the correct change for
2020 in the total fund balance reported by the general fund? b. What was the correct overall
change in the net position reported on the government-wide financial statements?.
Acct 567 final exam solutions 100% correct answersProfessorLance
The document contains the solutions to an accounting exam with multiple choice questions covering topics such as government-wide financial reporting, transfers between funds, budgetary reporting requirements, revenue and expense recognition, and accounting for donations. It also provides journal entries and financial statements for various governmental and not-for-profit organizations.
The Parkrose Township Capital Improvement Plan outlines 11 proposed projects over the next 5 years totaling $5.27 million. This includes upgrading the police radio system, computer systems, building a new fire station and purchasing an elevated fire truck, constructing a municipal maintenance garage, remodeling the municipal building, building a new law enforcement complex, and constructing a new public library. The plan aims to utilize the township's accumulated fund balance and implement a short-term tax increase to fund the projects while keeping debt service low and increasing property values. The projects will be carried out in stages over the 5-year period.
The finance director presented the proposed FY 2020-21 budget. Key points included:
- The budget must be balanced according to state law and cover expenditures with authorized revenue.
- The proposed budget revenues exceed operating expenditures by $175,232, creating working capital.
- The general fund is projected to have a 53% fund balance, exceeding the recommended 25% minimum.
- Other funds like utility, capital projects, and capital replacement were summarized.
- The city council will hold a public hearing on the proposed budget on September 14th and vote to adopt it on September 21st.
This document discusses proprietary funds accounting, which deals with accounting for business-type activities of governmental units. There are two types of proprietary funds: enterprise funds and internal service funds. Enterprise funds may be used to report any activity for which a fee is charged to external users, like utilities. Internal service funds are used to account for activities that provide goods/services to other funds/agencies on a cost reimbursement basis, like central computer facilities. Examples are provided for journal entries related to transactions for enterprise funds and internal service funds.
ACCT 567 PAPERS Lessons in Excellence--acct567help.comthomashard71
This document provides an overview of the course materials for ACCT 567 Entire Course offered through Keller Graduate School of Management. It lists the weekly assignments, exercises, case studies, exams, and problems from the textbook. The course covers governmental and not-for-profit accounting, including funds, budgeting, financial reporting, and pension accounting. Key topics include the different types of funds used by governments, the accounting treatment for various transactions, and preparation of financial statements for governmental and not-for-profit entities in accordance with GASB standards.
The Hills City maintains a Water and Sewer Fund to provide utility s.pdfpreetamsahu17
The Hills City maintains a Water and Sewer Fund to provide utility services to its citizens. As of
January 1, 2020, the Water and Sewer Fund had the following account balances:
(1) During the year, sales of water to non-government customers amounted to $1,025,000 and
sales of water to the General Fund amounted to $37,000.
(2) Collections from non-government customers amounted to $983,000.
(3) The Stores and Services Fund repaid $15,000 of the long-term advance to the Water and
Sewer Fund.
(4) Materials and supplies in the amount of $261,000 were received. A liability in that amount
was recorded.
(5) Materials and supplies were issued and were charged to the following accounts: cost of sales
and services, $180,000; selling, $15,000; administration, $18,000; construction work in progress,
$50,000.
(6) Payroll costs for the year totaled $416,200 plus $34,200 for the employer's share of payroll
taxes. Of that amount, $351,900 was paid in cash, and the remainder was withheld for taxes. The
$450,400 (416,200 + 34,200) was distributed as follows: cost of sales and services, $265,800;
sales, $43,900; administration, $91,400; construction work in progress, $49,300.
(7) Bond interest (5%) was paid.
(8) In accord with the revenue bond indenture, $25,000 cash was transferred from operating cash
to restricted assets.
(9) Construction projects at the water treatment plant (reflected in the beginning balance of
construction in process) were completed in the amount of $214,000, and the assets were placed
in service. Payments for these amounts were made in the previous year (no effect on 2020
Statement of Cash Flows).
(10) Collection efforts were discontinued on bills totaling $3,500. The unpaid receivables were
written off.
(11) An analysis of customer receivable balances indicated the Estimated Uncollectible Accounts
needed to be increased by $6,500.
(12) Payment of accounts payable amounted to $332,000. Payments of payroll taxes totaled
$95,200.
(13) Supplies transferred from the Stores and Services Fund amounted to $58,000. Cash in the
amount of $50,000 was paid to the Stores and Services Fund for supplies.
(14) Depreciation expense for the year was computed to be $267,000.
Required:
(A) Open a general journal for the Water and Sewer Utility Fund and record the above
transactions.
(B) A Statement of Revenues, Expenses, and Changes in Fund Net position for the Year Ended
December 31, 2020.
(C) A Statement of Net position, as of December 31, 2020.DebitsCreditsCash$102,000Customer
Accounts Receivable80,000Estimated Uncollectible Accounts Receivable$4,500Materials and
Supplies28,000Advance to Stores and Services Fund30,000Restricted Assets117,000Water
Treatment Plant in Service4,200,000Construction Work in Progress203,000Accumulated
Depreciation - Utility Plant1,200,000Accounts Payable96,500Revenue Bonds Payable (5%
interest)2,500,000Net position959,000Totals$4,760,000$4,760,000.
This document provides a group assignment for a government accounting course. It includes 3 problems involving journal entries, financial statements, and accounting for governmental and enterprise funds. Problem 1 involves journal entries for transactions of a city government. Problem 2 requires journal entries, trial balance, and financial statements for a city debt service fund. Problem 3 requires preparation of financial statements for a city parking facilities enterprise fund.
This document provides an overview of key concepts from chapters 10 and 11 of the textbook related to fiduciary funds, component units, and financial reporting. Some key points include:
1) Permanent funds are classified as fiduciary funds under GASB Statement 34. Fiduciary funds use full accrual accounting and focus on current resources.
2) Component units are legally separate organizations for which a primary government is financially accountable. A primary government and its component units must be incorporated into the government-wide financial statements.
3) The comprehensive annual financial report includes audited financial statements and required supplementary information to provide full disclosure of a government's financial status and operations.
The document provides an overview of the City of Bainbridge Island's 2016 budget. It highlights several infrastructure projects for the year including road reconstructions, trail improvements, and upgrades to parks and docks. It also summarizes the city's finances, including revenues from taxes, utilities, and fees that fund the general fund and other departments like public works, planning, and public safety. Priority Based Budgeting was implemented to align programs and services with key community goals.
Week Four Exercise AssignmentLiability1. Payroll accounting. A.docxalanfhall8953
Week Four Exercise Assignment
Liability
1. Payroll accounting. Assume that the following tax rates and payroll information pertain to Brookhaven Publishing:
· Social Security taxes: 6% on the first $55,000 earned
· Medicare taxes: 1.5% on the first $130,000 earned
· Federal income taxes withheld from wages: $7,500
· State income taxes: 5% of gross earnings
· Insurance withholdings: 1% of gross earnings
· State unemployment taxes: 5.4% on the first $7,000 earned
· Federal unemployment taxes: 0.8% on the first $7,000 earned
The company incurred a salary expense of $50,000 during February. All employees had earned less than $5,000 by month-end.
a. Prepare the necessary entry to record Brookhaven’s February payroll. The entry will include deductions for the following:
· Social Security taxes
· Medicare taxes
· Federal income taxes withheld
· State income taxes
· Insurance withholdings
b. Prepare the journal entry to record Brookhaven’s payroll tax expense. The entry will include the following:
· Matching Social Security taxes
· Matching Medicare taxes
· State unemployment taxes
· Federal unemployment taxes
2. Current liabilities: entries and disclosure. A review of selected financial activities of Visconti’s during 20XX disclosed the following:
12/1
Borrowed $20,000 from the First City Bank by signing a 3- month, 15% note payable. Interest and principal are due at maturity.
2/10
Established a warranty liability for the XY-80, a new product. Sales are expected to total 1,000 units during the month. Past experience with similar products indicates that 2% of the units will require repair, with warranty costs averaging $27 per unit.
12/22
Purchased $16,000 of merchandise on account from Oregon Company, terms 2/10, n/30.
12/26
Borrowed $5,000 from First City Bank; signed a note payable due in 60 days.
12/31
Repaired six XY-80s during the month at a total cost of $162.
12/31
Accrued 3 days of salaries at a total cost of $1,400.
Instructions
a. Prepare journal entries to record the transactions.
b. Prepare adjusting entries on October 31 to record accrued interest.
c. Prepare the Current Liability section of Red Bank’s balance sheet as of October 31. Assume that the Accounts Payable account totals $203,600 on this date.
3. Notes payable. Red Bank Enterprises was involved in the following transactions during the fiscal year ending October 31:
8/2:
Borrowed $75,000 from the Bank of Kingsville by signing a 120-day note.
8/20:
Issued a $40,000 note to Harris Motors for the purchase of a $40,000 delivery truck. The note is due in 180 days and carries a 12% interest rate.
9/10:
Purchased merchandise from Pans Enterprises in the amount of $15,000. Issued a 30-day, 12% note in settlement of the balance owed.
9/11:
Issued a $60,000 note to Datatex Equipment in settlement of an overdue account payable of the same amount. The note is due in 30 days and carries a 14% interest rate.
10/10:
The note to Pans Enterprises was p.
City Manager Mark Browne presented the proposed FY 2018-19 operating budget and scheduled a public hearing on the budget. The proposed budget is balanced and generates $252,788 in additional working capital. A public hearing on the budget will be held on September 10, 2018, with city council scheduled to adopt the budget and 2018 property tax rate on September 24, 2018. The presentation summarized the proposed tax rate, revenues and expenditures for the general fund and other funds including utility, capital projects, and debt service.
This document presents the proposed FY 2017-2018 operating budget and schedules a public hearing for the budget. It summarizes the proposed budget, including maintaining a balanced budget in accordance with state law. The general fund budget projects a $314K working capital. The proposed property tax rate of $0.386439 per $100 valuation is equal to the effective tax rate and will generate $84K in net revenue. Other funds like utility, capital projects, and capital replacement are also summarized. A public hearing on the budget is scheduled for September 11th with adoption planned for September 25th.
1. The document provides solutions to economics exam questions on macroeconomics, distinguishing between GDP at market price and factor price. GDP at market price is equal to GNP at market price minus depreciation, while GDP at factor cost is the sum of incomes to the four factors of production.
2. It then explains the expenditure method of measuring GDP as the sum of consumption, investment, government spending, and net exports. Precautions for this method include excluding used goods and transfer payments.
3. The document also covers the Keynesian theory of income and employment, which states that equilibrium income is determined by aggregate demand and supply and may be below full employment. Government spending can increase aggregate demand and raise income to
Chapter 2Exercises1. Issuance of stockPrepare journal entr.docxcravennichole326
Chapter 2
Exercises
1. Issuance of stock
Prepare journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases:
a. Jackson Corporation has common stock with a par value of $1 per share.
b. Royal Corporation has no-par common with a stated value of $5 per share.
c. French Corporation has no-par common; no stated value has been assigned.
2. Stock subscriptions: Journal entries
Investors recently subscribed to 5,000 shares of B&J Travel's $1 par-value common stock at $10 per share. During the year, the company received 80% of the balances due, which resulted in the issuance of 4,000 shares of stock.
a. Prepare journal entries to record
1) the subscriptions to investors.
2) the receipt of cash from subscribers.
3) the issuance of shares.
b. Determine the year-end balance in the Common Stock Subscribed account.
c. Determine the year-end balance in the Common Stock Subscriptions Receivable account.
3. Analysis of stockholders' equity
Star Corporation issued both common and preferred stock during 20X6. The stockholders' equity sections of the company's balance sheets at the end of 20X6 and 20X5 follow:
20X6
20X5
Preferred stock, $100 par value, 10%
$ 580,000
$ 500,000
Common stock, $10 par value
2,350,000
1,750,000
Paid-in capital in excess of par value
Preferred
24,000
—
Common
4,620,000
3,600,000
Retained earnings
8,470,000
6,920,000
Total stockholders' equity
$16,044,000
$12,770,000
a. Compute the number of preferred shares that were issued during 20X6.
b. Calculate the average issue price of the common stock sold in 20X6.
c. By what amount did the company's paid-in capital increase during 20X6?
d. Did Star's total legal capital increase or decrease during 20X6? By what amount?
4. Preparation of stockholders' equity section
The following data relate to LeMaster Corporation as of December 31, 20XX, the close of the current accounting period:
. Preferred stock—The company has 1,000 shares of $50 par-value cumulative preferred stock authorized. The stock pays a 10% dividend; to date, 400 shares have been issued at $55 per share.
. Common stock—A total of 25,000 shares of $1 stated-value common stock is authorized. To date, 10,000 shares have been issued at $10 per share, and an additional 3,000 shares have been subscribed to at $15 per share.
Assuming a retained earnings balance of $177,000, prepare the stockholders' equity section of LeMaster's December 31, 20XX balance sheet.
· Bond premium: Straight-line amortization
Castillo Company issued $200,000 of 10% 4-year bonds on January 1, 20X1 for $216,000. The bonds pay interest semiannually on June 30 and December 31.
e. Prepare the required journal entry to record the bond issuance on January 1, 20X1.
e. Prepare entries to record the interest payment and premium amortization on June 30 and December 31, 20X1. Castillo uses the straight-line method of amortization.
e. Compute 20X1 bond interest expense.
e. Present th ...
The Finance Director presented the proposed FY 2019-20 budget. The budget is required to be balanced with revenues covering expenditures. The proposed budget projects $325,971 in net revenue after transfers. This would increase the general fund balance to $5.3 million. The utility fund budget projects a $1.3 million operating surplus with a $1.4 million fund balance. The document outlines revenues, expenditures and fund balances for other governmental funds including capital projects and street maintenance. It schedules public hearings on September 9th and budget adoption on September 23rd.
Similar to such nice.rtfdTXT.rtfFrom Dayana Mirabal [email protected].docx (16)
NPV, IRR, Payback period,— PA1Correlates with CLA2 (NPV portion.docxpicklesvalery
NPV, IRR, Payback period,—> PA1
Correlates with CLA2 (NPV portion)
Real world examples
Which method is used more commonly?
Reference
**************
make 4 PPT slides. bullet points on the slides. speech notes on note area needed references
.
Now that you have had the opportunity to review various Cyber At.docxpicklesvalery
Now that you have had the opportunity to review various Cyber Attack Scenarios, it is now your turn to create one. As a Group you will identify a Scenario plagued with Cyber Threats. Each team will then be required to create a Threat Model (Logic Diagram) with various options. Selections will result in another option.
Below are some examples of possible Threat Modeling activities.
https://insights.sei.cmu.edu/sei_blog/2018/12/threat-modeling-12-available-methods.html
Each team will be required to present their Threat Model via Powerpoint and present to the class on Day 3. Each member of the team will be required to submit a copy of their teams powerpoint.
Subject :
Spring 2020 - Emerging Threats & Countermeas (ITS-834-25) - Full Term
Documentation :
https://www.cs.montana.edu/courses/csci476/topics/threat_modeling.pdf
Example :
https://www.helpsystems.com/blog/break-time-6-cybersecurity-games-youll-love
1. Targeted Attack: The Game
2. Cybersecurity Lab
3. Cyber Awareness Challenge
4. Keep Tradition Secure
What you need to do:
Write one page abstract
DO one page PPT
Write 2 pages main paper for this two topics( Library users and librarian & User credentials )
Draw a diagram if possible
.
Now that you have completed a series of assignments that have led yo.docxpicklesvalery
Now that you have completed a series of assignments that have led you into the active project planning and development stage for your project "
Work Overload in Healthcare System"
, briefly describe your proposed solution to address the problem, issue, suggestion, initiative, or educational need and how it has changed since you first envisioned it. What led to your current perspective and direction?
.
Now that you have completed your paper (ATTACHED), build and deliver.docxpicklesvalery
Now that you have completed your paper (ATTACHED), build and deliver a presentation that details your solution to the healthcare issue that serves as your topic.
In your presentation, you should:
Exhibit comprehensive research and understanding by referencing important points and insights from the perspectives of inquiry papers.
Present your issue and your argument for your solution
Demonstrate effective oral communication skills:
Exhibit competency in using virtual presentation tools and techniques.
Demonstrate planning, preparation, and practice.
Employ effective visual elements (multimedia).
.
Now that you have identified the revenue-related internal contro.docxpicklesvalery
Now that you have identified the revenue-related internal control that relates to the five assertions (existence, completeness, accuracy or valuation, rights and obligations, and presentation and disclosure), the test of controls will need to be identified for each assertion and internal control.
For this assignment, you will write and submit 400–500 words that set specific tests of internal controls for the 5 internal controls related to management assertions that you identified for the Unit 4
.
Now that you have read about Neandertals and modern Homo sapiens.docxpicklesvalery
Now that you have read about Neandertals and modern Homo sapiens, do you think that peoples' attitudes towards Neandertals in the past (and some today) was and is racist in nature? If you do, do you think the view is changing?
Answer the above question in an essay between 125 and 150 words.
.
Now that you have had an opportunity to explore ethics formally, cre.docxpicklesvalery
Now that you have had an opportunity to explore ethics formally, create a reflective assessment of your learning experience and the collaborations you engaged in throughout this session. You will submit
both
of the following:
A written reflection
For the written reflection, address Jane Doe's and respond to the following:
Articulate again your moral theory from week eight discussion (You can revise it if you wish). What two ethical theories best apply to it? Why those two?
week 8 discussion :’’The ethical philosophy chosen is utilitarianism. This philosophy is attributable to happiness if identified actions are right or harmful if the actions are considered to be wrong regardless of the prevailing conditions (Sen, 2019). It is meaningful to me since it is focused on contentment. Thus its moral obligation and importance is that it advocates for the satisfaction of the parties involved. The precedents of utilitarianism philosophy entail the following; that happiness of everyone counts uniformly, that actions are right if they result in pleasure otherwise wrong if they render unhappiness and that pleasure is the only thing that matters.
John Doe's involves a fiction scenario tailored at protecting the identity of witnesses in a case. Thus it is a slang name that informally represents the witnesses in a case to prevent them from manipulation by the defendant as their identity is rendered secretive (Smart, 2018). By application of the utilitarianism philosophy, a witness is considered to be happy (contented) if the identity is not revealed before the case for law during prosecution and hence we aspire to gain useful evidence. The morality of the theory revolves around its reliability as its only main obligation is to render witnesses pleasured. However, it might be termed immoral in situations where faithful information is required about every detail of the underlying case since no matter what; identity of the witnesses ought not to be revealed. Thus compromises its integrity.
Veil of ignorance constitutes the ethical reasoning whereby fair ruling is anticipated from a case by denying the parties involved any information that might bias them into suspecting who might benefit more from the ruling(Heen,2020). Thus in John Doe's case, when the identity of the witnesses is hidden, it is hard to identify possible relations of them with the plaintiff or defendant. This makes the judges seek justice independent of any information are sympathy to one of the parties at the expense of the other.’’
Apply to Jane Doe's case your personal moral philosophy as developed in week eight discussion and now. Use it to determine if what Jane Doe did was ethical or unethical per your own moral philosophy.
Consider if some of these examples are more grave instances of ethical transgressions than others. Explain.
Propose a course of social action and a solution by using the ethics of egoism, utilitarianism, the "veil of ignorance" method, deontological pr.
Novel Literary Exploration EssayWrite a Literary Exploration Ess.docxpicklesvalery
Novel Literary Exploration Essay
Write a Literary Exploration Essay for
Crow Lake
and additional texts on the following topic:
What is your opinion of the idea that the past can affect whom people become as adults?
.
Notifications My CommunityHomeBBA 3551-16P-5A19-S3, Inform.docxpicklesvalery
Notifications My CommunityHome
BBA 3551-16P-5A19-S3, Information Systems Management
Unit VIII
Unit VIII Introduction
During this term we have introduced many
different aspects of information systems
management. I hope you have learned lots of
new terms and concepts that will help you in
school and your career. In this unit we will
cover how systems are developed or created.
Organizations have a variety of tools,
methodologies, and processes that can be
used to assist in the development and
deployment of their information system.
Keep up the good work. Let me know if you
have any questions or issues.
Professor Bulloch
Unit VIII Study Guide
Click the link above to open the unit study
guide, which contains this unit's lesson and
reading assignment(s). This information is
necessary in order to complete this course.
Unit VIII Discussion Board
Weight: 2% of course grade
Grading Rubric
Comment Due: Saturday, 05/18/2019
11:59 PM (CST)
Response Due: Tuesday, 05/21/2019
11:59 PM (CST)
Go to Unit VIII Discussion Board »
Unit VIII Essay
Weight: 12% of course grade
Grading Rubric
Due: Tuesday, 05/21/2019 11:59 PM
(CST)
Instructions
Identify the components of an
information system (IS) using the five-
component framework, and provide a
brief summary of each.
Explain Porter’s five forces model.
Management IS (MIS) incorporate
software and hardware technologies to
provide useful information for decision-
making. Explain each of the following IS,
and use at least one example in each to
support your discussion:
a collaboration information system,
a database management system,
a content management system,
a knowledge management/expert
system,
a customer relationship
management system,
an enterprise resource planning
system,
a social media IS,
a business intelligence/decision
support system, and
an enterprise IS.
Identify and discuss one technical and
one human safeguard to protect against
IS security threats.
There are several processes that can be
used to develop IS and applications
such as systems development life cycle
(SDLC) and scrum (agile development).
Provide a brief description of SDLC and
scrum, and then discuss at least one
similarity and one difference between
SDLC and scrum
Sum up your paper by discussing the
importance of MIS.
In this final assignment, you will develop a
paper that reviews some of the main topics
covered in the course. Compose an essay
to address the elements listed below.
Your paper must be at least three pages in
length (not counting the title and reference
pages), and you must use at least two
resources. Be sure to cite all sources used
in APA format, and format your essay in
APA style.
Submit Unit VIII Essay »
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5/15/19, 12(27 PM
Page 1 of 1
BBA 3551, Information Systems Management
Course Learning Outcomes for Unit VIII
Upon completion of this unit, students should be able to:
1. .
November-December 2013 • Vol. 22/No. 6 359
Beverly Waller Dabney, PhD, RN, is Associate Professor, Southwestern Adventist University,
Keene, TX.
Huey-Ming Tzeng, PhD, RN, FAAN, is Professor of Nursing and Associate Dean for Academic
Programs, College of Nursing, Washington State University, Spokane, WA.
Service Quality and Patient-Centered
Care
L
eaders of the U.S. Depart -
ment of Health & Human
Services (2011) urge providers
to improve the overall quality of
health care by making it more
patient centered. Patient-centered
care (or person-centered care) refers
to the therapeutic relationship
between health care providers and
recipients of health care services,
with emphasis on meeting the
needs of individual patients. Al -
though the term has been used
widely in recent years, it remains a
poorly defined and conceptualized
phenomenon (Hobbs, 2009).
Patient-centered care is believed
to be holistic nursing care. It pro-
vides a mechanism for nurses to
engage patients as active partici-
pants in every aspect of their health
(Scott, 2010). Patient shadowing
and care flow mapping were used to
create a sense of empathy and
urgency among clinicians by clarify-
ing the patient and family experi-
ence. These two approaches, which
were meant to promote patient-cen-
tered care, can improve patient sat-
isfaction scores without increasing
costs (DiGioia, Lorenz, Greenhouse,
Bertoty, & Rocks, 2010). A better
under standing of attributes of
patient-centered care and areas for
improvement is needed in order to
develop nursing policies that in -
crease the use of this model in health
care settings.
The purpose of this discussion is
to clarify the concept of patient-cen-
tered care for consistency with the
common understanding about pa -
tient satisfaction and the quality of
care delivered from nurses to
patients. Attributes from a customer
service model, the Gap Model of
Service Quality, are used in a focus
on the perspective of the patient as
the driver and evaluator of service
quality. Relevant literature and the
Gap Model of Service Quality
(Parasuraman, Zeithaml, & Leonard,
1985) are reviewed. Four gaps in
patient-centered care are identified,
with discussion of nursing implica-
tions.
Background and Brief
Literature Review
Patient-Centered Care
The Institute of Medicine (IOM,
2001a) and Epstein and Street (2011)
identified patient-centeredness as
one of the areas for improvement in
health care quality. The IOM (2001b)
defined patient-centeredness as
…health care that establishes a
partnership among practition-
ers, patients, and their families
(when appropriate) to ensure
that decisions respect patients’
wants, needs, and preferences
and that patients have the edu-
cation and support they require
to make decisions and partici-
pate in their own care… (p. 7)
Charmel and Frampton (2008)
defined patient-centered care as
…a healthcare setting in which
patients are encouraged to be
actively involved in their care,
with a physical environment
t.
NOTEPlease pay attention to the assignment instructionsZero.docxpicklesvalery
NOTE:
Please pay attention to the assignment instructions
Zero plagiarism
Five references
The Assignment: (1- to 2-page Comparison Grid; 1- to 2-page Legislation Testimony/Advocacy Statement)
Part 1: Legislation Comparison Grid
Based on the health-related bill (proposed, not enacted) you selected, complete the Legislation Comparison Grid Template. Be sure to address the following:
Determine the legislative intent of the bill you have reviewed.
Identify the proponents/opponents of the bill.
Identify the target populations addressed by the bill.
Where in the process is the bill currently? Is it in hearings or committees?
Is it receiving press coverage?
Part 2: Legislation Testimony/Advocacy Statement
Based on the health-related bill you selected, develop a 1- to 2-page Legislation Testimony/Advocacy Statement that addresses the following:
Advocate a position for the bill you selected and write testimony in support of your position.
Describe how you would address the opponent to your position. Be specific and provide examples.
Recommend at least one amendment to the bill in support of your position.
.
NOTE Everything in BOLD are things that I need to turn in for m.docxpicklesvalery
NOTE: Everything in
BOLD
are things that I need to turn in for my part.
Think of how many risks come into play when you decide to conduct a simple project, such as painting your living room. The following are some examples of risks:
What type of paint will you use (and can you afford high-quality paint)?
Who will move that brand new, big screen TV?
Who is going to paint?
Do you have the time, money, and resources?
Have you ever considered any of this, or do you simply cover up as much things as you can and start painting?
Risks exist regardless of whether people acknowledge it or not. Depending on the complexity of the project, the number and type of risk multiplies. Everyone has their own solution to each risk, but when working with a group within an organization, fragmentation such as this becomes counterproductive and a major risk in the end.
Scenario :
I have come with an Idea called ROSE which stands for Reserve on Site Easily, its a application that can be used on any phone. How it works is by lets say someone doesn't have a Wi-Fi connection or is not by Wi-Fi. What would happen is once by or near Wi-Fi their reservations will be saved and than will be sent to the hotel they would like to stay at, this will save a lot of time for not only them but the hotel as well. This will also save their spot until they have reached Wi-Fi, this will also be able to show what's available and what's not available when not on Wi-Fi.
Assignment:
Group Portion
As a group, you are to describe a project that all of you will participate in, and include the following:
Define the goal of the project
List the project's duration
Explain who are the stakeholders (those who participate)
*** Review benefits by the project implementation *** (My Portions)
Explain your need for resources
You need not go into in-depth details on the project.
Individual Portion
Each group member is to come up with 2 risks to this project. Each risk must include the following elements:
What technique(s) was used to identify the risk?
What type of risk is it, and does it have specific IT elements and considerations?
How was the risk assessed, and how does it rank with all of the risks identified by the group?
Is the risk qualitative or quantitative, and does it work with an EMV or Pareto analysis with all of the risks identified by the group?
What is the response to this risk, assuming it occurs during the project's lifecycle?
Provide at least 2 contingency plans for this risk (one primary and a second backup).
Group Portion
Combine the individual portion into a cohesive 6–8-page report that also includes the following:
A summary of the project (as discussed in the 1st group discussion)
How will the risks be monitored and controlled?
How will risks be communicated to all project participants?
*** What EVM comes from the risk management plan? *** (My Portion)
Are there any special tools utilized by the plan to manage all identified risks?
.
Note Be sure to focus only on the causes of the problem in this.docxpicklesvalery
Note: Be sure to focus only on the causes of the problem in this paper; do not consider effects or solutions.
A. Write a causal analysis essay (
suggested length of 3–7 pages
). In your essay, do the following:
1. Address an appropriate topic.
2. Provide an effective introduction.
3. Provide an appropriate thesis statement that previews
two
to
four
causes.
4. Explain the causes of the problem.
5. Provide evidence to support your claim.
6. Provide an effective conclusion.
B. Include
at least
two
academically credible sources in the body of your essay.
1. For your sources, include all in-text citations and references in APA format.
C. Demonstrate professional communication in the content and presentation of your submission.
.
Note I’ll provide my sources in the morning, and lmk if you hav.docxpicklesvalery
Note: I’ll provide my sources in the morning, and lmk if you have any questions since the instructions aren’t very detailed.
Objective
This research paper is an opportunity to demonstrate your understanding of issues and theories in critical Canadian Communication Studies. It is also an opportunity to demonstrate and practise scholarly research, critical thinking and good writing. Your paper will present an identifiable argument, a clear thesis and scholarly research.
Evaluation (20% of final grade)
Evaluation will be based on evidence that you have used
10 scholarly sources
to support and interpret your thesis. Use sources from your annotated bibliography. Include any number of additional popular sources (e.g., government documents, news item, film, web material) in addition to your 10 scholarly sources. The latter (in brackets above) are not scholarly sources.
Format
Margins: 2.5cm (one inch)
Length: 6-8 pages (not including title page or bibliography), double-spaced text
Font: 12-point, Times New Roman
APA format
Topic:
Fake news
is a recently-named genre in our contemporary media landscape. With reference to a specific example, argue for or against the idea that fake news harms democracy in Canada. Potential examples include disinformation tactics during an election campaign or deep fakes of notable people. Consider questions such as these: What is fake news? What are the implications for democracy in Canada and for the “marketplace of ideas” if we cannot distinguish fake news? Does objective and balanced journalism lose validity in the face of fake news?
.
Note Here, the company I mentioned was Qualcomm 1. Email is the.docxpicklesvalery
Note: Here, the company I mentioned was Qualcomm
1. Email is the most commonly used form of communication for businesses. To what degree does your company use email?
2. Imagine that this internship position is your long-term place of employment. What computer or technology equipment would you change and why?
.
Note Please follow instructions to the T.Topic of 3 page pape.docxpicklesvalery
Note: Please follow instructions to the T.
Topic of 3 page paper : a brief presentation on the corona virus on the U.S economy. I am asking for a 3 page summary presentation on the current status of the corona virus as it effects those working in government emergency management positions --focus on the emergency management operations centers (EOCs) in the state of Florida. This report paper will discuss the current involvement of the EOC in working with the businesses and other industries in the state of Florida that are dealing with the closing of businesses and other either forced closing of certain businesses and industries . Please provide information on what you are finding in your 3 page report are the effects of the corona virus on the closing of commerce and the potential repercussion of these forced shut downs by our government that will effect the economy. Make the paper a research type paper of interest to you and what you are concerned about as it may effect you and your job should a force closing be made that effects you.
PLEASE READ THIS ARTICLE BELOW AND USE THE SUBJECT MATTER IN THIS ARTICLE AS DIRECTION FOR YOUR PAPER
Example of a report as follows-- please do not copy an printed document/ article or other publication --make this your work and a report with your opinions and concerns.
Coronavirus triggers cancellations, closures and contingency planning across the country
With daily reports of the deadly coronavirus spreading (Links to an external site.) into communities across the country, schools (Links to an external site.), companies, religious organizations and local governments are grappling with whether to shut down facilities and cancel events or to proceed, cautiously, as planned.
Increasingly, organizations are opting to cancel large gatherings, encourage remote work or take other steps (Links to an external site.) reflecting an abundance of caution about the virus, according to interviews with officials in several states. Others are making contingency plans about more-significant steps they might take in the case of a wider outbreak.
Washington Gov. Jay Inslee (Links to an external site.) (D) said people should prepare for disruptions in their daily lives as a result of the novel coronavirus, which has killed nine people in the state.
“Folks should begin to think about avoiding large events and assemblies,” Inslee said Monday. “We are not making a request formally right now for events to be canceled, but people should be prepared for that possibility.”
While the virus has been deadliest in Washington state, it has spread across the United States, with more than a dozen states reporting infections. There have been several instances of people contracting the virus while inside the country.
The response effort so far has been fragmented, with conflicting messages about the level of threat and the need for significant lifestyle changes.
“The general rule is, use common sense,” said Health and Human Services Secret.
Note A full-sentence outline differs from bullet points because e.docxpicklesvalery
Note:
A full-sentence outline differs from bullet points because each section of the outline must be a complete sentence. Each part may only have one sentence in it. Capital letters are ideas that support the thesis.
Your outline must contain a minimum of 12 full sentences as follows.
The thesis statement of the paper (2 sentences minimum)
4 key points to support the thesis statement:
What is the issue and why is it significant? (2 full sentences minimum to clarify this point)
How would your first philosopher address your issue? (2 full sentences minimum to clarify this point)
How would your second philosopher address your issue? (2 full sentences minimum to clarify this point)
How would you apply your philosophers’ principles to your issue in modern society? (2 full sentences minimum to clarify this point)
Conclusion (2 sentences minimum)
Topic: Is the issue of racism painful in today's society?
Philosophers: John Locke & Thomas Hobbes
Resources
.
Notable photographers 1980 to presentAlmas, ErikAraki, No.docxpicklesvalery
Notable photographers: 1980 to present
Almas, Erik
Araki, Nobuyoshi
Balog, James
Bar-Am, Micha
Barbieri, Olivo
Clang, John
Clark, Larry
Consentino, Manuel
Crewdson, Gregory
Day, Corinne
Effendi, Rena
Flores, Ricky
Fontana, Franco
Galella, Ron
Geddes, Anne
Ghirri, Luigi
Goldberger, Sacha
Goldblatt, David
Goldin, Nan
Goldsworthy, Andy
Grannan, Katy
Gursky, Andreas
Herbert, Gerald
Higgins Jr., Chester
Hockney, David
Johansson, Erik
Johnson, Kremer
Jones, Charles
JR
Kander, Nadav
Kawauchi, Rinko
Kepule, Katrina
Kruger, Barbara
Kwon, Sue
Lanting Frans
Lassry, Elad
Lemoigne, Jean-Yves
Leone, Lisa
Luce, Kirsten
Manzano, Javier
Mapplethorpe, Robert
McGinley, Ryan
Modu, Chi
Mull, Carter
Neshat, Shirin
Nick Knight
Nilsson, Lennart
Opie, Catherine
Pao, Basil
Peters, Jennifer (and Michael Taylor)
.
Note 2 political actions that are in line with Socialism and explain.docxpicklesvalery
Note 2 political actions that are in line with Socialism and explain why and how they relate to the concepts attached to this ideology. List your sources.
2- Answer the questions below. List your source(s) for all your answers:
A) Why is Communism considered a dying ideology? Provide 2 arguments to support your answer.
B) Has Communism ever existed in practice? Use one example to support your answer.
800 words maximum
.
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
such nice.rtfdTXT.rtfFrom Dayana Mirabal [email protected].docx
1. such nice.rtfd/TXT.rtf
From: Dayana Mirabal <[email protected]>
Date: July 5, 2016 at 11:14:49 PM EDT
To: Dayana mirabal <[email protected]>
Sent from my iPhone
__MACOSX/such nice.rtfd/._TXT.rtf
For Final Project One, you will use the Final Project One
Student Workbook Excel spreadsheet provided for you.
If you would like a refresher course on using various features of
Excel, sign in to Atomic Learning and type “Excel” in the
search box. This will provide you with options to select the
specific level of training that you need (i.e., intro, intermediate,
or advanced) and the specific version of Excel that you have
(i.e., 2011, 2013, etc.). The trainings are broken down into
small, meaningful chunks. Therefore, you should be able to find
specific topics at each level that will meet your needs.
IMPORTANT: For the transaction worksheets for each fund, in
column A, the part shaded in yellow, code the account 1 for
balance sheet accounts and 2 for operating statement accounts.
For example, on sheet GF WS, cash is a balance sheet account
so in cell A1 you will put 1. These codes will allow the
worksheet to automatically populate the operating statement and
balance sheet columns on the worksheets. These will
automatically populate the corresponding financial statements.
For some funds, you will be required to prepare entries for
2. transactions. Statements will automatically be created (if you
properly code column A). You can check your work by ensuring
debits equal credits and that the corresponding statements
balance.
For other funds, you will be given the completed worksheet for
the funds’ transactions and you will be required to prepare the
appropriate statements (statements will not automatically be
populated from the completed worksheet).
Sheets you are required to complete will have white tabs. Sheets
that automatically populate or that have given information will
have green tabs.
SAVE YOUR WORK OFTEN!
General Fund
As one of the accountants for the City of Springfield, you will
record the following transactions into the accompanying
transactions have already been recorded in the workbook. The
city has other accountants who also record transactions.
1. The city levied its general property taxes for the year of
$1,580,000. The city estimates that $30,000 of the taxes will
prove uncollectible. Record the taxes assuming the city will
collect the remaining balance later during the fiscal year.
2. The city collected $1,300,000 of property taxes before the
due date for taxes. The remainder of the taxes receivable
became delinquent.
3. The city received and vouchered the materials and supplies
that were on order from the previous year. The actual cost
equaled the estimated cost of these materials and supplies,
$19,000. The city records expenditures for materials and
supplies when they are consumed. A perpetual inventory system
is used.
4. The city incurred and paid salary expenditures as follows:
Accrued salaries payable, January 1. . . . . . . . . . . . . . . . . . . . $
50,000
General government. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
180,000
3. Public safety. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . 580,000
Highways and streets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. 175,000
Health and sanitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. 150,000
Parks and recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. 220,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . $1,355,000
5. Billings were received from the Central Communications
Network Internal Service Fund for communications services
used by general government agencies and departments as
follows:
General government. . . . . . . . . . . . . . . . . $ 18,000
Public safety. . . . . . . . . . . . . . . . . . . . . . . . 15,000
Highways and streets . . . . . . . . . . . . . . . . 3,500
Health and sanitation . . . . . . . . . . . . . . . . 6,630
Parks and recreation. . . . . . . . . . . . . . . . . 13,940
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 57,070
6. $61,000 was paid on the amounts owed to the Central
Communications Network Internal Service Fund.
7. Other unencumbered expenditures incurred during the year
were vouchered as follows:
General government. . . . . . . . . . . . . . . . . $ 11,420
Public safety. . . . . . . . . . . . . . . . . . . . . . . . 41,280
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 52,700
8. $500,000 was loaned from the General Fund to the Addiction
Prevention Special Revenue Fund to provide working capital for
that fund. The loan is to be repaid within a year.
9. The General Fund transferred resources to other funds as
follows:
Addiction Prevention Special Revenue Fund . . . . . . . . . $
60,000
Parks and Recreation Capital Projects Fund. . . . . . . . . .
200,000
4. Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$260,000
10. The General Fund received a transfer of $100,000 from the
Water and Sewer Enterprise Fund.
11. The city levied interest and penalties of $35,000 on the
overdue taxes receivable. Interest and penalties of $5,600 are
expected to prove uncollectible.
12. The city wrote off uncollectible taxes receivable of $23,000.
13. General government equipment with an original cost of
$300,000 and accumulated depreciation of $187,000 was sold
for $72,000, which was deposited in the General Fund.
14. Materials and supplies were used by General Fund
departments during the year as follows:
General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
11,000
Public safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
35,000
Highways and streets . . . . . . . . . . . . . . . . . . . . . . . . . . . .
75,300
Health and sanitation . . . . . . . . . . . . . . . . . . . . . . . . . . . .
39,400
Parks and recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$190,700
15. The city entered into a capital lease for parks and recreation
equipment on December 31. The capitalizable cost of the
equipment was $90,000, including a down payment of $10,000.
16. The city contributed $60,200 to the city Police and Fire
Pension Trust Fund.
17. The General Fund received $250,000 from the Addiction
Prevention Special Revenue Fund in partial repayment of the
interfund loan.
18. The city paid vouchers payable of $235,800.
Special Revenue Fund
The Addiction Prevention Special Revenue Fund was
5. established in 20X4 to account for federal grants intended to
help communities prevent and battle drug and alcohol
addictions. Because this is the first year for this fund, there is
no beginning trial balance for the Addiction Prevention Special
Revenue Fund.
You are given the completed transaction worksheet (tab
APSFR). From the worksheet:
A. Prepare the 20X4 Statement of Revenues, Expenditures, and
Changes in Fund Balance for the Addiction Prevention Special
Revenue Fund (tab AP OP).
B. Prepare the 20X4 balance sheet for the Addiction Prevention
Special Revenue Fund (tab AP BS).
Parks and Recreation Capital Projects Fund
Record the following transactions to tab P&R CPF
1. The city approved a major capital improvement project to
construct a recreational facility. The project will be financed by
a bond issue of $1,500,000, transfers from the General Fund of
$500,000, and a contribution from the county of $300,000.
Record the budget assuming these amounts, along with an equal
appropriation for the project, were adopted for 20X4.
2. The city received the county’s contribution of $300,000.
These resources are required to be used for the construction
project. The grant is expenditure-driven. The city’s policies
indicate that resources restricted for a given purpose are
considered expended prior to any unrestricted resources
available for that purpose.
3. The city transferred $200,000 from the General Fund to the
Parks and Recreation Capital Projects Fund.
4. The city issued bonds with a face (par) value of $1,500,000 at
a premium of $50,000 on January 1. Bond issue costs of
$15,000 were incurred. Interest of 8% per year and $100,000 of
principal are due each December 31.
5. The city signed a $2,190,000 contract for construction of the
new recreational facility. The process to establish the contract
qualifies as a commitment under the city’s commitments policy.
6. The city purchased land as the site for the facility at a cost of
6. $110,000. Payment was made for the land.
7. The contractor billed the city $1,200,000. The city paid all
but a 5% retainage.
8. The outstanding encumbrances were closed (use the
transactions columns for this entry).
9. The budgetary accounts were closed at year end.
Appropriations do not lapse at year end. Close the budgetary
accounts in the transactions columns.
General Debt Service Fund
You are given the completed transaction worksheet (tab GEN
DSF). From the worksheet,
A. Prepare the 20X4 Statement of Revenues, Expenditures, and
Changes in Fund Balance for the General Debt Service Fund
(tab GEN DSF OS).
B. Prepare the 20X4 balance sheet for the General Debt Service
Fund (tab GEN DSF BS).
General Capital Assets
You are given the completed transaction worksheet CGA WS;
prepare the General Capital Asset Note Disclosure (tab CGA
Note).
General Long-Term Liabilities
You are given the completed transaction worksheet GLTL;
prepare the General Long-term Liabilities Note Disclosure (tab
GLTL Note).
Water and Sewer Enterprise Fund
You are given the completed transaction worksheet (tab W&S
EF). From the worksheet,
A. Prepare the 20X4 Statement of Revenues, Expenditures, and
Changes in Net Position (tab W&S OS).
B. Prepare the 20X4 Statement of Net Position (tab W&S SNP).
Central Communications Network Internal Service Fund
Record the following transactions to tab CCN ISF:
1. Billings to departments for communications network services
during 20X4 were as follows:
General Fund departments . . . . . . . . . . . . . . . . . . . . . .
$57,070
7. Water and Sewer Department . . . . . . . . . . . . . . . . . . . . 33,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$90,070
2. The department collected $61,000 from the General Fund and
$30,000 from the Enterprise Fund.
3. Payroll of $60,000 was paid, and $3,000 was contributed to
the statewide retirement system.
4. The department purchased materials and supplies costing
$14,000 and a voucher was approved.
5. Materials and supplies costing $17,700 were used by the
Central Communications Network during 20X4.
6. Vouchers payable of $15,000 were paid.
7. Depreciation for the year was $8,370.
8. Salaries and wages of $1,000 were accrued at the end of the
year.
Police and Fire Pension Trust Fund
You are given the completed transaction worksheet (tab PTF
WS). From the worksheet,
A. Prepare the 20X4 Statement of Changes in Net Position (tab
PTF OS).
B. Prepare the 20X4 Statement of Net Position (tab PTF SNP).
Fund and Government-Wide Financial Statements
The tabs colored purple are the fund and government-wide
statements. If all of your previous work is correct, your
statements will be complete and will balance. Review the purple
tabs to ensure all of your statements are complete and correct.
Once they are correct, you are done with the assignment and
may submit the entire workbook .
GF WSCity of SpringfieldGeneral FundFY 20X4
TransactionsBalance Checkers----------
BalancesBalancesBeginning of YearTransactionsEnd of
YearOperating StatementBalance SheetAccount
TitleDr.Cr.#Dr.Cr.#Dr.Cr.Dr.2Cr.Dr.1Cr.Cash1,000,0002,002,1
402,002,140-----
8. given200,000given559,140given243,000Investments480,000200
,000given280,000280,000-----Taxes Receivable -- Current-------
Allowance for Uncollectible Taxes -- Current-------Taxes
Receivable -- Delinquent80,900216,000given(135,100)-
135,100----Allowance for Uncollectible Taxes --
Delinquent20,000(20,000)-20,000----Interest and Penalties
Receivable33,60027,000given6,6006,600-----Allowance for
Uncollectible Interest and Penalties17,500(17,500)-17,500----
Accrued Interest Receivable2,0002,000given-------Inventory of
Materials and Supplies53,000221,200221,200-----
given168,200Vouchers Payable112,000(280,200)-280,200----
168,200givenAccrued Salaries
Payable50,00013,050given(63,050)-63,050----Deferred
Revenues-------Due to Internal Service Fund8,000(8,000)-8,000-
---Fund Balance1,442,000(1,442,000)-1,442,000----Estimated
Revenuesgiven2,032,5002,032,500given-------
Appropriationsgiven1,963,0001,963,000given-------Budgetary
Fund Balancegiven69,50069,500given-------
Encumbrancesgiven19,00019,00019,000-----Outstanding
Encumbrances19,000given(19,000)-19,000----Revenues --
Property Taxes-------Revenues -- Fines and
Forfeitures48,480given(48,480)-48,480----Revenues --
Integovernmental346,200given(346,200)-346,200----Revenues -
- Licenses and Permits122,460given(122,460)-122,460----
Revenues -- Interest40,000given(40,000)-40,000----
Expenditures -- General Government2,7002,700-----
given900given1,800Expenditures -- Public Safety19,30019,300-
----given13,500given5,800Expenditures -- Highways and
Streets5,0505,050-----given3,300given1,750Expenditures --
Health & Sanitation4,4004,400-----
given2,900given1,500Expenditures -- Parks and
Recreation4,1004,100-----given1,900given2,200Due to Water
and Sewer Fund22,500given(22,500)-22,500----Expenditures --
Capital Outlay-------Due from Addiction Prevention SRF-------
Transfer to Addiction Prevention SRF-------Transfer to Parks
and Recreation CPF---------------------Transfer from Water and
9. Sewer EF-------Revenues -- Interest and Penalties-------OFS --
Proceeds from Sale of Equipment-------Tax Liens Receivable----
---OFS -- Capital Lease--------------
1,649,5001,649,5005,289,8905,289,8902,564,4902,564,490----
Change in Fund Balance--------
GF OSCITY OF SPRINGFIELDGENERAL FUNDStatement of
Revenues, Expenditures, and Changes in Fund BalanceFor the
Year Ended December 31, 20X4Revenues:Taxes$ -Interest and
penalties on taxes-Licenses and permits-Fines and forfeitures-
Intergovernmental-Investment income-Total Revenues$ -
Expenditures:OperatingGeneral government-Public safety-
Highways and streets-Health and sanitation-Parks and
recreation-Capital Outlay-Total Expenditures-Excess of
Revenues over Expenditures-Other Financing Sources and
(Uses):Transfer from Enterprise Fund-Proceeds from sale of
general capital assets-Capital leases-Transfer to Special
Revenue Fund-Transfers to Capital Projects Funds-Transfer to
Debt Service Fund-Total Other Financing Sources and (Uses)-
Net Change in Fund Balance-Fund Balance, January 1,
20X41,442,000Fund Balance, December 31, 20X4$ 1,442,000
GF BSCITY OF SPRINGFIELDGENERAL FUNDBalance
SheetDecember 31, 20X4AssetsCash $ - 0Investments-Accrued
interest receivable-Taxes receivable--delinquent$ - 0Less:
Allowance for uncollectible delinquent taxes--Tax liens
receivable-Interest and penalties receivable on taxes-Less:
Allowance for uncollectible interest and penalties--Inventory of
materials and supplies-Due from Special Revenue Fund-Total
Assets$ - 0Liabilities, Deferred Inflows, and Fund
BalanceLiabilities:Vouchers payable$ - 0Accrued salaries
payable-Due to Internal Service Fund-Due to Enterprise Fund-$
- 0Deferred Inflows -- Deferred revenues-Fund Balance----
1,442,000Total Liabilities and Fund Balance$ - 0
GF BtoACITY OF SPRINGFIELDGENERAL FUNDStatement
of Revenues, Expenditures, and Changes in Fund BalanceBudget
vs. Actual (GAAP Basis)For the Year Ended December 31,
20X4Variance--
10. OriginalFinalFavorableBudgetBudgetActual(Unfavorable)Reven
ues:Taxes1,500,0001,500,000$ -(1,500,000)Interest and
penalties on taxes15,50015,500-(15,500)Licenses and
permits122,000122,000-(122,000)Fines and
forfeitures50,00050,000-
(50,000)Intergovernmental300,000300,000-(300,000)Investment
income45,00045,000-(45,000)Total
Revenues2,032,5002,032,500-
(2,032,500)Expenditures:Operating:General
government260,000260,000-260,000Public
safety868,000868,000-868,000Highways and
streets290,000290,000-290,000Health and
sanitation215,000215,000-215,000Parks and
recreation330,000330,000-330,000Capital Outlay-80,000-
80,000Total Expenditures1,963,0002,043,000-2,043,000Excess
of Revenues over Expenditures69,500(10,500)-10,500Other
Financing Sources and (Uses):Transfer from Enterprise Fund-
100,000-(100,000)Proceeds from sale of general capital assets--
--Capital leases-80,000-(80,000)Transfer to Special Revenue
Fund-(60,000)-(60,000)Transfers to Capital Projects Funds-
(270,000)-(270,000)Transfer to Debt Service Fund-(729,965)-
(729,965)Total Other Financing Sources and (Uses)-(879,965)-
(1,239,965)Net Change in Fund Balance69,500(890,465)-
(1,229,465)Fund Balance, January
11,442,0001,442,0001,442,000-Fund Balance, December 31$
1,511,500$ 551,535$ 1,442,000$ (1,229,465)
AP SRFCity of SpringfieldAddiction Prevention Special
Revenue FundFY 20X4 TransactionsBalance Checks----------
BalancesBalancesBeginning of YearTransactionsEnd of
YearOperating StatementBalance SheetAccount
TitleDr.Cr.#Dr.Cr.#Dr.Cr.Dr.2Cr.Dr.1Cr.1Cash4500,000430,00
05330,000330,000---330,000-6450,000250,0008960,0001Due
from Federal Government750,00050,00050,000---50,000-
1Vouchers Payable5430,000450,0003(95,000)-95,000---
95,00075,00071Due to GF8250,000500,0004(250,000)-250,000-
--250,0001Fund Balance-------Estimated
11. Revenues1530,000530,00010-------
Appropriations10525,000525,0001-------Budgetary Fund
Balance105,0005,0001-------2Revenue -- Operating
Grants450,0006(500,000)-500,000-500,000--
50,00072Expenditures -- Public
Safety3450,000525,000525,000-525,000---775,0002Transfer
from GF60,0009(60,000)-60,000-60,000-----------
3,325,0003,325,000905,000905,000525,000560,000380,000345,
000Change in Fund Balance35,000-
35,000560,000560,000380,000380,000
AP OSCITY OF SPRINGFIELDADDICTION PREVENTION
SPECIAL REVENUE FUNDStatement of Revenues,
Expenditures, and Changes in Fund BalanceFor the Year Ended
December 31, 20X4Revenues: Operating GrantsExpenditures:
Public SafetyExcess of Revenues over ExpendituresOther
Financing Sources (Uses): Transfer from General FundNet
Change in Fund BalanceFund Balance, January 1, 20X4Fund
Balance, December 31, 20X4
AP BSCITY OF SPRINGFIELDADDICTION PREVENTION
SPECIAL REVENUE FUNDBalance SheetDecember 31,
20X4AssetsCash Due from Federal GovernmentTotal
AssetsLiabilities and Fund BalanceLiabilities:Vouchers
payableDue to General FundFund Balance: Total Liabilities and
Fund Balance
P&R CPFCity of SpringfieldParks and Recreation Capital
Projects FundFY 20X4 TransactionsBalance Checks----------
BalancesBalancesBeginning of YearTransactionsEnd of
YearOperating StatementBalance SheetAccount
TitleDr.Cr.#Dr.Cr.#Dr.Cr.Dr.2Cr.Dr.1Cr.Cash-------Estimated
Revenues and OFSs-------Appropriations-------Revenues --
Intergovernmental-------Transfer from GF-------OFS -- Bond
Principal-------OFS -- Bond Premium-------Expenditures -- Debt
Service -- Bond Issue Costs-------Encumbrances-------
Encumbrances Outstanding-------Expenditures -- Capital
Outlay-------Contracts Payable -- Retained Percentage------------
-----Change in Fund Balance--------
12. P&R OSCITY OF SPRINGFIELDPARKS AND RECREATION
CAPITAL PROJECTS FUNDStatement of Revenues,
Expenditures, and Changes in Fund BalanceFor the Year Ended
December 31, 20X4Revenues: Intergovernmental$ -
Expenditures:Capital outlay:$ -Debt Service -- Bond Issue
Costs-Total Expenditures-Excess (Deficiency) of Revenues
Over (Under) Expenditures-Other Financing Sources and
(Uses):Transfer from General Fund-Bond Principal-Bond
Premium-Total Other Financing Sources and (Uses)-Net Change
in Fund Balance-Fund Balance, January 1, 20X4-Fund Balance,
December 31, 20X4$ -
P&R BSCITY OF SPRINGFIELDPARKS AND RECREATION
CAPITAL PROJECTS FUNDBalance SheetDecember 31,
20X4AssetsCash $ -Liabilities and Fund BalanceLiabilities:
Contracts Payable -- Retained Percentage$ -Fund Balance$
(200,000)200,000-Total Liabilities and Fund Balance$ -All
resources of this fund except those transferred from the General
Fund wererestricted for the project. Restricted resources were
assumed to be expended firstwhen both restricted and
unrestricted resources were available.In all probability, the
council took action to commit the resources transferred to
theCapital Projects Fund—particularly since the county is
financing part of the cost. If so, Committed Fund Balance is
$200,000; if not, Assigned Fund Balance is $200,000.The
$200,000 cannot be reported as Unassigned Fund Balance.
Gen DSFCity of SpringfieldGeneral Debt Service FundFY 20X4
TransactionsBalance Checks----------
BalancesBalancesBeginning of YearTransactionsEnd of
YearOperating StatementBalance SheetAccount
TitleDr.Cr.#Dr.Cr.#Dr.Cr.Dr.2Cr.Dr.1Cr.1Cash171,3502a246,80
01,300,0007214,320214,320---214,320-
446,17061,050,0001Investments1,237,000917,0001,000,000625
4,000254,000---254,000-1Taxes Receivable --
Delinquent52,0002b53,20041,040459,79059,790---59,790-
4,37051Allowance for Uncollectible Taxes --
Delinquent5,80054,3703,0002c(4,430)-4,430---4,4301Interest
13. and Penalties Receivable10,90036,6505,130411,05011,050---
11,050-1,37051Allowance for Uncollectible Interest and
Penalties3,50051,3701,3703(3,500)-3,500---3,5001Deferred
Revenues50,0008b50,00052,0008a(52,000)-52,000---
52,0001Fund Balance1,411,950(1,411,950)-1,411,950---
1,411,9501Taxes Receivable -- Current1300,000246,8002a------
-53,2002b1Allowance for Uncollectible Taxes --
Current2c3,0003,0001-------2Revenues -- Property
Taxes8a45,050297,0001(295,050)-295,050-295,050--
43,1008b2Revenues -- Interest and
Penalties8a6,9505,2803(5,230)-5,230-5,230--6,9008b2Revenues
-- Interest50,0006(67,000)-67,000-67,000--
17,00092Expenditures -- Debt Service --
Principal7500,000500,000500,000-500,000---2Expenditures --
Debt Service -- Interest7800,000800,000800,000-800,000--------
--
1,471,2501,471,2503,130,5603,130,5601,839,1601,839,1601,30
0,000367,280539,1601,471,880Change in Fund Balance-
932,720932,720-1,300,0001,300,0001,471,8801,471,880
Gen DSF OSCITY OF SPRINGFIELDGENERAL DEBT
SERVICE FUNDStatement of Revenues, Expenditures, and
Changes in Fund BalanceFor the Year Ended December 31,
20X4Revenues:TaxesInterest and penalties on taxesInvestment
incomeTotal RevenuesExpenditures:Debt service:Bond
PrincipalInterestTotal ExpendituresExcess (Deficiency) of
Revenues over ExpendituresFund Balance, January 1, 20X4Fund
Balance, December 31, 20X4
Gen DSF BSCITY OF SPRINGFIELDGENERAL DEBT
SERVICE FUNDBalance SheetDecember 31, 20X4AssetsCash
InvestmentsTaxes receivable--delinquentLess: Allowance for
uncollectible delinquent taxesInterest and penalties receivable
on taxesLess: Allowance for uncollectible interest and
penaltiesTotal AssetsLiabilities, Deferred Inflows, and Fund
BalanceLiabilities:Deferred Inflows: Deferred revenuesFund
Balance:Total Liabilities, Deferred Inflows, and Fund Balance
GCA-GLTLCity of SpringfieldGeneral Capital Assets and
14. General Long-Term Liabilities AccountsFY 20X4
TransactionsBalance Checks----------BalancesBalancesGeneral
Capital AssetsBeginning of YearTransactionsEnd of
YearGeneral Capital AssetsGeneral Long-Term
LiabilitiesAccount
TitleDr.Cr.#Dr.Cr.#Dr.Cr.Dr.2Cr.Dr.1Cr.1Land800,000110,000
910,000910,000---910,000-
1Buildings5,300,0005,300,0005,300,000---5,300,000-
1Accumulated Depreciation --
Buildings2,200,000245,000(2,445,000)-2,445,000---
2,445,0001Machinery &
Equipment1,750,000300,0001,450,0001,450,000---1,450,000-
1Accumulated Depreciation -- Machinery &
Equipment550,000187,000222,000(585,000)-585,000---
585,0001Infrastructure13,000,00013,000,00013,000,000---
13,000,000-1Accumulated Depreciation --
Infrastructure6,000,000520,000(6,520,000)-6,520,000---
6,520,0001Construction in
Progress1,700,0001,200,0002,900,0002,900,000---2,900,000-
1Bonds Payable9,000,000500,0001,500,000(10,000,000)-
10,000,000---10,000,0001Premium on Bonds
Payable180,0003,33050,000(226,670)-226,670---226,6701Long-
Term Claims and Judgments Payable700,000(700,000)-700,000-
--700,0001Long-Term Compensated Absences
Payable220,00020,000(240,000)-240,000---240,0001Net
Position3,700,000846,670(2,853,330)-2,853,330---
2,853,3301Capital Lease Payable80,000(80,000)-80,000---
80,0001Refunding Bonds Payable-------1Leased
Equipment90,00090,00090,000---90,000-
22,550,00022,550,0002,937,0002,937,00023,650,00023,650,000
--23,650,00023,650,000Change in Net Position------
23,650,00023,650,000
net position calculationThe journal entries below provide the
detail of all transactionsaffecting the Net Position
account.Total1Net Position987,000Net
Position846,670Accumulated Depreciation --
15. Buildings245,000Accumulated Depreciation -- Machinery &
Equipment222,000Accumulated Depreciation --
Infrastructure520,0002Net Position20,000Long-Term
Compensated Absences Payable20,0003Premium on Bonds
Payable (related to 7-4 below)3,330Net Position *3,3305-
22Accumulated Depreciation -- Machinery and
Equipment187,000Net Position **113,000Machinery and
Equipment300,0006-27Leased Equipment90,000Capital Lease
Payable80,000Net Position10,0007-4Net
Position1,550,000Bonds Payable1,500,000Premium on Bonds
Payable50,0007-6Land110,000Net Position110,0007-
7Construction in Progress1,200,000Net Position1,200,0008-
7Bonds Payable500,000Net Position500,000*This adjustment
affects the calculation of Interest Expense in the conversion
process.**This adjustment converts the proceeds from the sale
of equipment to a loss on sale ofequipment in the conversion
process.***This adjustment affects the calculation of the
Deferred Interest Expense Adjustmentin the conversion process.
CGA WSCity of SpringfieldGeneral Capital Assets Note
Disclosure WorksheetFY 20X4
TransactionsBeginningRefRefEndingBalanceIncreases#Decrease
s#BalanceNondepreciable
AssetsLand800,000110,000910,000Construction in
Progress1,700,0001,200,0002,900,000Total Nondepreciable
Assets2,500,0001,310,000-3,810,000Depreciable
AssetsBuildings5,300,0005,300,000Machinery &
Equipment1,750,000(300,000)2,300,000850,000Leased
Equipment-
90,00090,000Infrastructure13,000,00013,000,000Total
Depreciable
Assets20,900,00090,000(300,000)20,690,000Accumulated
DepreciationBuildings(2,200,000)(245,000)(2,445,000)Machine
ry & Equipment(550,000)(222,000)187,000(730,000)(145,000)-
Leased Equipment--
Infrastructure(6,000,000)(520,000)(6,520,000)Total
Accumulated
16. Depreciation(8,895,000)(987,000)187,000(9,695,000)Total
Depreciable Assets,
Net12,005,000(897,000)(113,000)10,995,000Governmental
Activities Capital Assets,
Net14,505,000413,000(113,000)14,805,000
CGA NoteCity of SpringfieldGeneral Capital Assets Note
DisclosureFor the Year Ended December 31,
20X4BeginningEndingBalanceIncreasesDecreasesBalanceNonde
preciable AssetsLandConstruction in ProgressTotal
Nondepreciable AssetsDepreciable AssetsBuildingsMachinery &
EquipmentLeased EquipmentInfrastructureTotal Depreciable
AssetsAccumulated DepreciationBuildingsMachinery &
EquipmentLeased EquipmentInfrastructureTotal Accumulated
DepreciationTotal Depreciable Assets, NetGovernmental
Activities Capital Assets, NetDepreciation Expense was charged
to governmental functions as follows:General Government$
58,000Public Safety160,000Highways and Streets667,000Health
and Sanitation65,000Parks and Recreation37,000Internal
Service Funds8,370 Total Depreciation Expense$ 995,370
GLTL City of SpringfieldGeneral Long-Term Liabilities Note
WorksheetFY 20X4
TransactionsAmountsBeginningRefRefEndingDue
inBalanceIncreases#Decreases#BalanceOne YearBonds and
Notes PayableBonds
Payable9,000,0001,500,000(500,000)10,000,000600,000Premiu
m on Bonds Payable180,00050,000(3,330)226,6703,330Capital
Lease Payable-80,00080,00010,000Refunding Bonds Payable--
Total Bonds and Notes
Payable9,180,0001,630,000(503,330)10,306,670613,330Other
Long-Term LiabilitiesClaims and Judgments
Payable700,000700,000Compensated Absences
Payable220,00020,000240,000Other Long-Term
Liabilities920,00020,000-940,000-Governmental Activities
Long-Term
Liabilities10,100,0001,650,000(503,330)11,246,670613,330
GLTL NCity of SpringfieldGeneral Long-Term Liabilities
17. NoteFor the Year Ended December 31,
20X4AmountsBeginningEndingDue
inBalanceIncreasesDecreasesBalanceOne YearBonds and Notes
PayableBonds PayablePremium on Bonds PayableCapital Lease
PayableRefunding Bonds PayableTotal Bonds and Notes
PayableOther Long-Term LiabilitiesClaims and Judgments
PayableCompensated Absences PayableOther Long-Term
LiabilitiesGovernmental Activities Long-Term Liabilities
W&S EFCity of SpringfieldWater and Sewer Enterprise FundFY
20X4 TransactionsBalance Checkers----------
BalancesBalancesBeginning of YearTransactionsEnd of
YearOperating StatementBalance SheetAccount
TitleDr.Cr.#Dr.Cr.#Dr.Cr.Dr.2Cr.Dr.1Cr.1Cash175,0002815,00
0202,0005344,000344,000---344,000-
88,000120,000630,0007120,0001182,00012100,000141Accounts
Receivable45,0001827,500815,000251,10051,100---51,100-
6,40031Allowance for Uncollectilbe
Accounts1,10036,4008,1751(2,875)-2,875---2,8751Inventory of
Materials and Supplies27,000989,90088,7001028,20028,200---
28,200-1Customer Deposits -- Cash30,00044,50034,50034,500--
-34,500-1Land17,00017,00017,000---17,000-
1Buildings1,200,0001,200,0001,200,000---1,200,000-
1Accumulated Depreciation --
Buildings300,00040,00013(340,000)-340,000---
340,0001Machinery and
Equipment2,000,0002,000,0002,000,000---2,000,000-
1Accumulated Depreciation -- Machinery and
Equipment1,000,000150,00013(1,150,000)-1,150,000---
1,150,0001Water and Sewer
Lines4,500,0004,500,0004,500,000---4,500,000-1Accumulated
Depreciation -- Water and Sewer
Lines3,250,000110,00013(3,360,000)-3,360,000---
3,360,0001Vouchers Payable68,0001282,00089,9009(75,900)-
75,900---75,9001Accrued Interest Payable5001150045016(450)-
450---4501Customer Deposits Payable30,0004,5004(34,500)-
34,500---34,5001Bonds Payable - long
18. term720,0001780,000(640,000)-640,000---640,0001 Bonds
Payable -
current80,0001180,00080,00017(80,000)80,00080,0001Long-
Term Claims and Judgments Payable25,000(25,000)-25,000---
25,0001Net Position2,519,400(2,519,400)-2,519,400---
2,519,4002Water Sales (net of x,xxx in
allowances)524,8401(524,840)-524,840-524,840--2Sewer Fees
(net of x,xxx in allowances)316,9851(316,985)-316,985-
316,985--2Salaries and Wages
Expense5190,000190,000190,000-190,000---2Pension
Expense512,00012,00012,000-12,000---
1Investments6120,000120,000120,000---120,000-
2Communications Expense733,00033,00033,000-33,000---1Due
to ISF3,0007(3,000)-3,000---3,0002Interest
Revenue8,0008(8,000)-8,000-8,000--2Materials and Supplies
Expense1088,70088,70088,700-88,700---2Interest
Expense1139,50039,95039,950-39,950---154502Depreciation
Expense -- Equipment13150,000150,000150,000-150,000---
2Depreciation Expense -- Buildings1340,00040,00040,000-
40,000---2Depreciation Expense -- Water and Sewer
Lines13110,000110,000110,000-110,000---2Transfer to
GF14100,000100,000100,000-100,000---1Salaries Payable-------
1Due from GF122,50022,50022,500---22,500--------
7,994,0007,994,0002,899,9502,899,9509,080,9509,080,950763,
650849,8258,317,3008,231,125Change in Fund Balance86,175--
86,175849,825849,8258,317,3008,317,300
W&S OSCITY OF SpringfieldWATER AND SEWER
ENTERPRISE FUNDStatement of Revenues, Expenses, and
Changes in Net PositionFor the Year Ended December 31,
20X4Operating Revenues:Water Sales (net of $x,xxx in
allowances)Sewage Fees (net of $x,xxx in allowances)Operating
Expenses:Salaries and WagesPensionsMaterials and
SuppliesDepreciationCommunication ServicesOperating
IncomeNonoperating Revenues and Expenses:Investment
IncomeInterest expenseIncome before TransfersTransfer to
General FundChange in Net PositionNet Position, January 1,
19. 20X4Net Position, December 31, 20X4
W&S SNPCITY OF SPRINGFIELDWATER AND SEWER
ENTERPRISE FUNDStatement of Net PositionDecember 31,
20X4ASSETSCurrent Assets:CashDue from General
FundInvestmentsAccounts receivable (net of
uncollectibleaccounts of $x,xxx)Inventory of materials and
suppliesTotal Current AssetsNoncurrent Assets:Restricted
Assets:Customer deposits--cashProperty, Plant, and
Equipment:LandBuildingsLess: Accumulated
depreciationMachinery and equipmentLess: Accumulated
depreciationWater and sewer linesLess: Accumulated
depreciationTotal Property, Plant, and EquipmentTotal
Noncurrent AssetsTotal AssetsLIABILITIESCurrent
Liabilities:Vouchers payableAccrued interest payableDue to
Internal Service FundAccrued salaries payableBonds
payableTotal Current LiabilitiesLong-Term Liabilities:Customer
deposits payableBonds payableClaims and judgments
payableTotal Long-Term LiabilitiesTotal LiabilitiesNET
POSITIONNet Investment in Capital Assets--Total Net
Position$ -
W&S NP CalcCity of Harvey CityWater and Sewer Enterprise
FundComputation of Net Position Components December 31,
20X4NetInvestment
inAsset/LiabilityUnrestrictedRestrictedCapital AssetsCash---
Investments---Due from General Fund---Accounts Receivable
(net)---Materials and Supplies---Capital Assets (net)---Vouchers
Payable---Accrued Interest Payable---Due to Internal Service
Fund---Accrued Salaries Payable---Customer Deposits Payable--
-Bonds Payable---Claims and Judgments Payable--- Totals---
Note: This is not part of the financial statements presentation.
W&S SCFCITY OF HARVEY CITYWATER AND SEWER
ENTERPRISE FUNDStatement of Cash FlowsFor the Year
Ended December 31, 20X4Cash Flows from Operating
Activities:Cash received from customers$ (22,325)Cash paid
to employees-Cash paid for materials and services9,700Net cash
flows from operating activities(12,625)Cash Flows from
20. Noncapital Financing Activities:Cash paid in transfer to General
Fund-Cash Flows from Capital and Related Financing
Activities:Cash paid to retire bond principal(80,000)Cash paid
for interest(40,000)Net cash flows from capital and related
financing activities(120,000)Cash Flows from Investing
Activities:Cash paid for investments(120,000)Cash received
from investment income-Net cash flows from investing
activities(120,000)Increase in cash(252,625)Cash balance,
January 1, 20X4205,000Cash balance, December 31, 20X4$
(47,625)Reconciliation of Operating Income to Net
CashProvided by Operating Activities:Operating income$ -
Adjustments to reconcile operating income to net cash provided
by operating activities:Depreciation$ -Changes in assets and
liabilities:Change in accounts receivable(4,325)Change in
interfund receivables for services(22,500)Change in inventory
of materials and supplies(1,200)Change in vouchers
payable7,900Change in salaries and wages payable-Change in
interfund liabilities for services3,000Change in customer
deposits payable4,500(12,625)Net cash flows from operating
activities$ (12,625)Reconciliation of ending cash balance to
balance sheet:Cash$ -Customer Deposits--Cash-Total cash
balance, December 31, 20X4$ -
CCN ISFCity of SpringfieldCentral Communications Network
Internal Service FundFY 20X4 TransactionsBalance Checkers---
-------BalancesBalancesBeginning of YearTransactionsEnd of
YearOperating StatementBalance SheetAccount
TitleDr.Cr.#Dr.Cr.#Dr.Cr.Dr.2Cr.Dr.1Cr.Cash57,00057,00057,0
00-----Due from GF8,0008,0008,000-----Inventory of Materials
and Supplies5,8005,8005,800-----Machinery and
Equipment850,000850,000850,000-----Accumulated
Depreciation -- Machinery and Equipment145,000(145,000)-
145,000----Vouchers Payable3,800(3,800)-3,800----Net
Position772,000(772,000)-772,000----Billings to Departments --
General Fund-------Billings to Departments -- Enterprise Fund--
-----Due from EF-------Salaries Expense-------Supplies
Expenses-------Depreciation Expense -- Machinery and
21. Equipment-------Salaries Payable-------Pension Expense----------
----920,800920,800--920,800920,800----Change in Fund
Balance--------
CCN OSCITY OF SPRINGFIELDCENTRAL
COMMUNICATIONS NETWORK INTERNAL SERVICE
FUNDStatement of Revenues, Expenses, and Changes in Net
PositionFor the Year Ended December 31, 20X4Operating
Revenues:Billings to Departments$ -Operating
Expenses:Salaries and Wages$ -Pensions-Materials and
Supplies-Depreciation-- Operating Income-Net Position,
January 1, 20X4772,000Net Position, December 31, 20X4$
772,000
CCN SNPCITY OF SPRINGFIELDCENTRAL
COMMUNICATIONS NETWORK INTERNAL SERVICE
FUNDStatement of Net PositionDecember 31,
20X4ASSETSCurrent Assets:Cash$ -Due from General Fund-
Due from Enterprise Fund-Inventory of Materials and Supplies-
Total Current Assets$ -Noncurrent Assets:Machinery and
Equipment-Less: Accumulated Depreciation-Total Noncurrent
Assets-Total Assets-LIABILITIESCurrent Liabilities:Vouchers
Payable-Accrued Salaries Payable-Total Liabilities-NET
POSITIONNet Investment in Capital Assets--Total Net
Position$ - 0
CCN SCFCITY OF SPRINGFIELDCENTRAL
COMMUNICATIONS NETWORK INTERNAL SERVICE
FUNDStatement of Cash FlowsFor the Year Ended December
31, 20X4Cash Flows from Operating Activities:Cash received
from departments$ 8,000Cash paid to employees- 0Cash paid
for materials and services2,000Net cash provided by operating
activities$ 10,000Cash balance, January 157,000Cash balance,
December 31$ 67,000Reconciliation of Operating Income to
Net CashProvided by Operating Activities:Operating income$
-Adjustments to reconcile operating income to net cash provided
by operating activities:Depreciation-Changes in assets and
liabilities:Change in interfund receivables for
services8,000Change in inventory of materials and
22. supplies5,800Change in vouchers payable(3,800)Change in
salaries and wages payable-10,000Net cash provided by
operating activities$ 10,000
PTF WSCity of SpringfieldPension Trust FundFY 20X4
TransactionsBalance Checkers----------
BalancesBalancesBeginning of YearTransactionsEnd of
YearOperating StatementBalance SheetAccount
TitleDr.Cr.#Dr.Cr.#Dr.Cr.Dr.2Cr.Dr.1Cr.1Cash120,000160,200
60,200292,90092,900---92,900-
668,6009,00038,700478,00051Investments1,271,800260,2001,3
97,0001,397,000---1,397,000-765,0001Accrued Interest
Receivable8,600717,0008,600617,00017,000---17,000-1Due to
Resigned Employees4003400-------1Net Position -- Restricted
for Pension Benefits1,400,000(1,400,000)-1,400,000---
1,400,0002Contributions -- Employer60,2001(60,200)-60,200-
60,200--2Deductions -- Refunds to Resigned
Employees28,6008,6008,600-8,600---2Deductions --
Administrative Costs49,4009,4009,400-9,400---1Vouchers
Payable7004(700)-700---7002Deductions -- Benefits
579,00079,00079,000-79,000---1Annuities
Payable1,0005(1,000)-1,000---1,0002Additions -- Interest
Income60,0006(125,000)-125,000-125,000--65,00072Additions
-- Increase in Fair Value of Investments17,0007(17,000)-
17,000-17,000----------------
1,400,4001,400,400368,400368,4001,603,9001,603,90097,0002
02,2001,506,9001,401,700Change in Fund Balance105,200--
105,200202,200202,2001,506,9001,506,900
PTF OSCITY OF SPRINGFIELDPOLICE AND FIRE PENSION
TRUST FUNDStatement of Changes in Net PositionFor the Year
Ended December 31, 20X4Additions:Employer
ContributionsInvestment incomeInterestNet increase in
investment fair valueTotal additionsDeductions:Retirement
benefitsRefunds of contributionsAdministrative costsTotal
deductionsChange in net position held in trust for pension
benefitsNet Position Restricted for Pension Benefits, January 1,
20X4Net Position Restricted for Pension Benefits, December
23. 31, 20X4
PTF SNPCITY OF SPRINGFIELDPOLICE AND FIRE
PENSION TRUST FUNDStatement of Net PositionDecember
31, 20X4Assets:CashAccrued interest
receivableInvestmentsTotal assetsLiabilities:Vouchers
payableAnnuities payableTotal liabilitiesNet Position Held in
Trust for Pension Benefits
Gov Fund OSCITY OF SPRINGFIELDGOVERNMENTAL
FUNDSStatement of Revenues, Expenditures, and Changes in
Fund BalanceFor the Year Ended December 31,
20X4AddictionParks
andGovernmentalGeneralPreventionRecreationGeneralFundsFun
dSRFCPFDSFTotalRevenues:Taxes$ -$ -$ -$ -$ -Interest
and Penalties on Taxes-----Licenses and Permits-----Fines and
Forfeitures-----Intergovernmental-----Investment Income-----
Total Revenues-----Expenditures:OperatingGeneral
Government-----Public Safety-----Highways and Streets-----
Health and Sanitation-----Parks and Recreation-----Capital
Outlay-----Debt ServicePrincipal-----Interest-----Bond Issue
Costs-----Payment to Refunding Bond Escrow Agent-----Total
Expenditures-----Excess (Deficiency) of Revenues Over (Under)
Expenditures-----Other Financing Sources and (Uses):Transfer
from General Fund-----Transfer from Enterprise Fund-----
Proceeds from sale of general capital assets-----Bond Principal--
---Bond Premium-----Capital leases-----Transfer to Addiction
Prevention SRF-----Transfers to Capital Projects Funds-----
Total Other Financing Sources and (Uses)-----Net Change in
Fund Balance-----Fund Balance, January 11,442,000---
1,442,000Fund Balance, December 31$ 1,442,000$ -$ -$ -$
1,442,000
Gov Fund BSCITY OF SPRINGFIELDGOVERNMENTAL
FUNDSBalance SheetDecember 31, 20X4AddictionParks
andGovernmentalGeneralPreventionRecreationGeneralFundsFun
dSRFCPFDSFTotalAssetsCash $ -$ -$ -$ -$ -
Investments-----Due from Federal Government-----Due from
Addiction Prevention SRF-----Taxes Receivable--Delinquent
24. (net)-----Interest and Penalties Receivable on Taxes (net)-----
Inventory of Materials and Supplies-----Total Assets$ -$ -$
-$ -$ -Total Liabilities, Deferred Inflows, and Fund
BalancesLiabilities:Vouchers Payable$ -$ -$ -$ -$ -
Accrued Salaries Payable-----Contracts Payable -- Retained
Percentage-----Due to General Fund-----Due to Internal Service
Fund-----Due to Enterprise Fund-----Total Liabilities-----
Deferred Inflows -- Deferred revenues-----Fund
BalancesNonspendable-----Restricted--(200,000)-
(200,000)Committed--200,000-200,000Assigned-----
Unassigned-----Total Fund Balances-----Total Liabilities,
Deferred Inflows, and Fund Balances$ -$ -$ -$ -$ -
Prop Fund OSCITY OF SPRINGFIELDPROPRIETARY
FUNDSStatement of Revenues, Expenses, and Changes in Net
PositionFor the Year Ended December 31, 20X4CentralWater
andCommunicationsSewerNetworkEnterpriseInternal
ServiceFundFundOperating Revenues:Water Sales (net of
$5,160 in allowances)$ -$ -Sewage Fees (net of $3,015 in
allowances)--Billing to Departments--Total Operating
Revenues--Operating Expenses:Salaries and Wages--Pensions--
Materials and Supplies--Depreciation--Communication
Services--Total Operating Expenses--Operating Income--
Nonoperating Revenues and Expenses:Investment Income--
Interest--Total Nonoperating Revenues and Expenses--Income
before Transfers--Transfer to General Fund--Change in Net
Position--Net Position, January 1, 20X4-772,000Net Position,
December 31, 20X4$ -$ 772,000
Prop Fund SNPCITY OF SPRINGFIELDPROPRIETARY
FUNDSStatement of Net PositionDecember 31,
20X4CentralWater
andCommunicationsSewerNetworkEnterpriseInternal
ServiceFundFundASSETSCurrent Assets:Cash$ -$ -Due from
General Fund--Due from Enterprise Fund--Investments--
Accounts receivable (net of uncollectibleaccounts of $2,875)--
Inventory of materials and supplies--Total Current Assets--
Noncurrent Assets:Restricted Assets:Customer deposits--cash--
25. Property, Plant, and Equipment:Land--Buildings (net)--
Machinery and equipment (net)--Water and sewer lines (net)--
Total Property, Plant, and Equipment (net)--Total Noncurrent
Assets--Total Assets--LIABILITIESCurrent
Liabilities:Vouchers payable--Accrued interest payable--Due to
Internal Service Fund--Accrued salaries payable--Bonds
payable--Total Current Liabilities--Long-Term
Liabilities:Customer deposits payable--Bonds payable--Claims
and judgments payable--Total Long-Term Liabilities--Total
Liabilities--NET POSITIONNet Investment in Capital Assets--
Unrestricted--Total Net Position$ -$ -
GF OS ConversionCITY OF SPRINGFIELDGOVERNMENTAL
FUNDSOperating Statement Conversion WorksheetFor the Year
Ended December 31,
20X4GovernmentalGovernmentalInternalOther
ChangesActivitiesFundsServiceGCAGLTLand
InterfundStatement
ofTotalFundsChangesChangesItemsActivitiesRevenues:Taxes-
1,9501,950Interest and Penalties on Taxes-5050Licenses and
Permits--Fines and Forfeitures--Intergovernmental--Investment
Income--Total Revenues----
2,0002,000Expenditures:OperatingGeneral Government-
58,00058,000Public Safety-160,000160,000Highways and
Streets-667,000667,000Health and Sanitation-65,000-
65,000Parks and Recreation-37,00037,000Economic
Development--Other--Capital Outlay---Debt Service-Principal--
-Interest--(3,330)(3,330)Bond Issue Costs---Payment to
Refunding Bond Escrow Agent--Total Expenditures--987,000-
(3,330)983,670Other Financing Sources and (Uses):Transfer
from General Fund---Transfer from Enterprise Fund--Proceeds
from sale of general capital assets---Bond Principal---Bond
Premium---Refunding Bonds--Capital leases---Payment to
Refunding Bond Escrow Agent--Transfer to Addiction
Prevention SRF---Transfers to Capital Projects Funds---Transfer
to Debt Service Fund--Total Other Financing Sources and
(Uses)------Net Change in Fund Balance--(987,000)-
26. 5,330(981,670)
GF BS ConversionCITY OF SPRINGFIELDGOVERNMENTAL
FUNDSBalance Sheet Conversion WorksheetDecember 31,
20X4GovernmentalGovernmentalInternalOther
ChangesActivitiesFundsServiceGCAGLTLand
InterfundStatement
ofTotalFundsChangesChangesItemsActivitiesCash ---
Investments--Accrued Interest Receivable--Due from Federal
Government--Due from General Fund---Due from Special
Revenue Fund---Due from Enterprise Fund---Internal Balances--
Taxes Receivable--Delinquent (net)--Tax Liens Receivable--
Interest and Penalties Receivable on Taxes (net)--Inventory of
Materials and Supplies---Land--Construction in Progress--
Buildings (net)--Machinery & Equipment (net)---Leased
Equipment (net)--Infrastructure (net)--------Deferred Outflows -
- Deferred Interest Expense Adjustment-Liabilities:Vouchers
Payable---Accrued Salaries Payable---Contracts Payable --
Retained Percentage--Due to General Fund---Due to Internal
Service Fund---Due to Enterprise Fund---Interest
Payable580,000580,000Unearned Revenues------
580,000580,000Deferred Inflows -- Deferred revenues---Bonds
Payable--Premium on Bonds Payable--Capital Lease Payable--
Refunding Bonds Payable-Claims and Judgments Payable--
Compensated Absences Payable--------Fund Balances----
(580,000)(580,000)
One WorksheetSpringfieldWorksheet to Derive Governmental
ActivitiesFor the Year Ended December 31,
20X4`2,273,330(580,000)(2,853,330)Totals--
AllPreclosingStatement ofStatement ofAccountsGovernmental
FundsAdjustmentsTrial BalanceActivitiesNet
AssetsDebitCreditRef.DebitCreditRef.DebitCreditDebitCreditDe
bitCreditCash-18---Investments---Due from Addiction
Prevention Special Revenue Fund--19-Due from Federal
Government---Taxes Receivable -- Delinquent---Allowance for
Uncollectible Taxes -- Delinquent---Interest and Penalties
Receivable (net)---Allowance for Uncollectible Interest and
27. Penalties---Tax Liens Receivable---Accrued Interest
Receivable---Inventory of Materials and Supplies-18---
Vouchers Payable--18--Accrued Salaries Payable--18--Contracts
Payable--Retained Percentage---Deferred Revenues (Deferred
Inflow)-17--Unearned Revenues---Due to Internal Service Fund-
19--Due to Enterprise Fund-21--Due to General Fund-19--
Reserve for EncumbrancesTotal Fund Balance (Preclosing)-22--
Revenue:Taxes-17--Interest and Penalties on Taxes-17--
Licenses and Permits---Fines and Forfeitures---
Intergovernmental---Investment Income---Current Operating
Expenditures/Expenses:General Government-
458,00058,00058,000Public Safety-
4160,000160,000160,000Highways and Streets-
4667,000667,000667,000Health and Sanitation-
465,00085,00085,0001620,000Parks and Recreation-
437,00037,00037,00015-Economic Development-4---Other---
Capital Outlay Expenditures--1-Debt Service
Expenditures:Principal Retirement--8-Interest-13-
3,3309576,670576,67014--1212580,000Payment to Refunded
Bond Escrow Agent--10-Bond Issue Costs--14-Other Financing
SourcesBonds-5--Bond Premium-5--Refunding Bonds-6--
General Capital Asset Sale Proceeds-3--Capital Leases-7--
Transfers from General Fund-20--Transfers from Water and
Sewer Enterprise Fund---Other Financing Uses:Transfers to
Addiction Prevention Special Revenue Fund--20-Transfers to
Capital Projects Funds--20-Transfers to Refunding Debt
Service Fund--20-Payment to Refunded Bond Escrow Agent--
10- Governmental Funds--Totals--
Land800,0001110,000910,000910,000Buildings5,300,0005,300,
0005,300,000Accumulated Depreciation--
Buildings2,200,000245,00042,445,0002,445,000Machinery and
Equipment1,750,00018-
300,00031,450,0001,450,000Accumulated Depreciation--
Machinery and
Equipment550,0003187,000222,0004585,000585,000-
18Infrastructure (Streets, Roads, and Bridges)13,000,0002-
28. 13,000,00013,000,000Accumulated Depreciation--
Infrastructure6,000,000520,00046,520,0006,520,000Constructio
n in Progress1,700,00011,200,00022,900,0002,900,000Bonds
Payable9,000,0008500,0001,500,000510,000,00010,000,00010-
6Premium on Bonds
Payable180,00093,33050,0005226,670226,67010-11-Long-term
Claims and Judgments Payable700,000-15700,000700,000Long-
term Compensated Absences
Payable220,00020,00016240,000240,000Total Net
Position3,700,00012-174,472,0004,472,000772,00018-
2222,550,00022,550,000Equipment Under Capital
Lease190,00090,00090,000Loss on Sale of Capital
Assets341,00041,00041,000Capital Lease
Liabilities80,000780,00080,000Deferred Interest Expense
Adjustment1013--Accrued Interest on
Bonds580,00012580,000580,000Due from General Fund18--19-
Due from Enterprise Fund18--21-Internal Balances-21--
3,718,3304,292,33025,274,67025,848,6701,624,670-
23,650,00025,848,670Change in Net Assets(574,000)(574,000)-
1,624,6702,198,670-1,624,6701,624,67025,848,67025,848,670
GW SNPCITY OF SPRINGFIELDStatement of Net
PositionDecember 31, 20X4Primary
GovernmentGovernmentalBusiness-
typeASSETSActivitiesActivitiesTotalCash $ -$ -$ -
Investments---Accounts Receivable (net)---Due from Federal
Government---Internal Balances---Taxes Receivable--
Delinquent (net)---Interest and Penalties Receivable on Taxes
(net)---Inventory of Materials and Supplies---Restricted Cash --
Customer Deposits---Land---Construction in Progress---
Buildings (net)---Machinery & Equipment (net)---Leased
Equipment (net)---Water and Sewer Lines (net)---Infrastructure
(net)---Total assets---LIABILITIESVouchers Payable---Accrued
Salaries Payable---Contracts Payable -- Retained Percentage---
Interest Payable580,000-580,000Noncurrent liabilities:Amounts
due within one yearBonds Payable---Premium on Bonds
Payable---Capital Lease Payable---Amounts due in more than
29. one yearCustomer Deposits Payable---Bonds Payable---Premium
on Bonds Payable---Capital Lease Payable---Claims and
Judgments Payable---Compensated Absences Payable---Total
liabilities580,000-580,000NET POSITIONNet Investment in
Capital Assets585,000-585,000Restricted for:Capital
Projects(200,000)-(200,000)Debt service---
Unrestricted(965,000)-(965,000) Total Net Assets$
(580,000)$ -$ (580,000)(2,853,330)-Computation of Net
Investment in Capital Assets:Capital assets, net-Bonds payable,
less unexpended proceeds*585,000Capital lease liabilities-
Contracts payable-Net Investment in Capital
Assets585,000*Unexpended proceeds = $1,535,000 - $1,250,000
+ $300,000 = $585,000 (Assumes that restricted )resources are
expended before the unrestricted resources transferred in from
the General Fund.Net assets restricted for addiction prevention
would be negative and therefore cannot be reported. Negative
restricted net assets are not permitted by GASB Statement 34.
BS ReconSpringfieldReconciliation of Total Fund Balances of
Governmental Fundsto Net Assets of Governmental
ActivitiesDecember 31, 20X4Total Fund Balances, All
Governmental Funds$ -Capital assets used in governmental
activities are not financial resources and therefore are not
reported in the funds.-Certain other amounts are not available to
pay current-period expenses and are therefore deferred in the
funds.-Certain amounts are recorded only in accrual accounting
and are not included in the fund financial statements.-Long-term
liabilities, including bonds payable, related interest payable,
and other related accounts, are not due and payable in the
current period and therefore are not reported in the
governmental funds.(580,000)Internal Service Funds are used
by management to charge the costs of certain activities, such as
communication services, to individual funds. The assets and
liabilities are included in governmental activities in the
Statement of Net Position.-Net Position of the Governmental
Activities$ (580,000)-
GW SoACity of SpringfieldStatement of ActivitiesFor the Year
30. Ended December 31, 20X4Program RevenuesNet (Expenses)
Revenues and Changes in Net AssetsPrimary
GovernmentChargesOperating forGrants
andCapitalGovernmentalBusiness-
TypeFunctions:ExpensesServicesContributionsGrantsActivities
ActivitiesTotalPrimary governmentGovernmental
activities:General government$ 58,000$ -$ -$ -$
(58,000)$ -$ (58,000)Public safety160,000--(160,000)-
(160,000)Highways and streets667,000---(667,000)-
(667,000)Health and sanitation65,000---(65,000)-(65,000)Parks
and recreation37,000-(37,000)-(37,000)Interest(3,330)---3,330-
3,330Total governmental activities983,670---(983,670)-
(983,670)Business-type activities:Water and Sewer Activity-----
--Total primary government$ 983,670$ - 0$ - 0$ -
0(983,670)-(983,670)General revenues: Property taxes, levied
for general purposes2,000-2,000 Unrestricted grant
revenues62,000-62,000 Unrestricted investment
income(62,000)-(62,000)Transfers---Total general revenues,
special items and transfers2,000-2,000Change in Net
Position(981,670)-(981,670)Net Position, January 1,
20X4401,6702,519,4002,921,070Net Position, December 31,
20X4$ (580,000)$ 2,519,400$ 1,939,400
OS ReconCITY OF SPRINGFIELDReconciliation of Total
Changes in Fund Balance of Governmental Fundsto Changes in
Net Position of Governmental ActivitiesFor the Year Ended
December 31, 20X4Total Changes in Fund Balance, All
Governmental Funds$ -Governmental funds report capital
outlays as expenditures. However, in the Statement of
Activities, the cost of those assets is allocated over their
estimated useful lives as (987,000)Depreciation Expense. The
capital outlays ($3,467,400) exceeded depreciation expense
($995,000) in the current period.In the Statement of Activities,
gains and losses from sales of capital assets are reported,
whereas in the governmental funds only the proceeds of the sale
are reported. Thus the change in net position differs from the
change in fund balance by the book value of the assets sold.-
31. Revenues in the Statement of Activities that do not provide
current financial resources are not reported as revenues in the
funds.2,000Bond proceeds proide current financial resources to
the governmental funds, but issuing debt increases long-term
liabilities in the Statement of Net Position. Repayment of bond
principal is an expenditure in the governmental funds, but the
repayment reduces long-term liabilities in the Statement of Net
Position.-Interest expenditures are recognized when due;
interest expense is accrured. This is the amount by which the
accrual exceeds the amount due.3,330This amount represents
expenses that do not require current financial resources and are
not reported as expenditures.-Changes in Net Position$
(981,670)
Sheet1
ACC 322Final Project One: Governmental Accounting
Guidelines and Rubric
Overview
The first final project for this course is the creation of an
accounting workbook and accompanying informational report to
taxpayers.
Governments are unique in that most of their revenue comes
from taxes and fees imposed upon the citizens. It is the
responsibility of the government accountant to provide
accountability for these funds through financial reports.
By working through this project, you will understand how
revenues and expenditures are accounted for in governments.
The information is presented in various funds that provide
accountability at a more detailed level through fund-level
statements. The information is also presented in big-picture
form through government-wide statements.
In the accounting workbook and report, you will use course-
provided information to (1) analyze government transactions for
various funds in accordance with the standards of the
32. Government Accounting Standards Board (GASB);(2) create
and use fund financial statements to assist in the creation of
government-wide statements; and (3) communicate the results
of operations to interested taxpayer groups.
In this assignment, you will demonstrate your mastery of the
following course outcomes:
used for the preparation of financial statements to promote
accountability in financial reporting and inform decision-
making
ial statements, and supporting
documentation that impact reporting for nonprofit and
governmental entities using appropriate accounting standards
in determining the fiscal position of various entities using
appropriate tools of the discipline
needs of governmental and nonprofit organizations
communicating the differences between private sector,
governmental, and nonprofit reporting to stakeholders
Prompt
You are the accountant for a local government. Your job
requires that you analyze transactions, post to ledgers, and
prepare financial statements. Using the Final Project One Case
Study document and the Final Project One Student Workbook
spreadsheet provided, you will prepare an accounting workbook,
which includes supporting journals for governmental funds,
proprietary funds, and fiduciary funds. The supporting journals
will be used in preparation of the fund’s financial statements.
You will then perform a reconciliation to prepare the
government-wide financial statements for governmental
activities and business activities. Finally, you will prepare a
five-to seven-page informational report explaining the different
funds to a taxpayer group interested in understanding the
33. purpose of the funds.
Specifically, the following critical elements must be addressed:
I. Prepare an accounting workbook with supporting journals for
governmental, proprietary, and fiduciary funds.
a) Analyze all transactions in the Final Project One Case Study
document and Final Project One Student Workbook spread sheet
to determine proper handling.
b) Prepare all supporting journals for the governmental funds.
c) Prepare all supporting journals for the proprietary funds.
d) Prepare all supporting journals for the fiduciary funds.
e) Interpret the supporting journal to prepare fund financial
statements.
f) Analyze the financial activity to prepare reconciliation from
the fund financial statements to government-wide financial
statements.
II. Prepare an informational report to taxpayers
34. a) Interpret and discuss the governmental funds section of your
workbook.
i. Define governmental funds.
ii. Identify and summarize activities in governmental funds.
iii. Explain how the governmental funds section of your
workbook tells the taxpayers about the financial position of the
government.
b) Interpret and discuss the proprietary funds section of your
workbook.
i. Define proprietary funds.
ii. Identify and summarize activities in proprietary funds.
iii. Explain how the proprietary funds section of your workbook
tells the taxpayers about the financial position of the
government.
c) Interpret and discuss the fiduciary funds section of your
report.
i. Define fiduciary funds.
ii. Identify and summarize activities in fiduciary funds.
iii. Explain how the fiduciary funds section of your workbook
tells the taxpayers about the financial position of the
government.
Final Project One Rubric
Guidelines for Submission:You will submit your completed
Final Project One Student Workbook, and include the required
entries, statements, and schedules using the appropriate Excel
worksheet. Your informational report to tax payers must be 5–
7pages in length (plus a cover page and references) and must be
written in APA format. Use double spacing, 12-point Times
New Roman font, and one-inch margins.