Complete the forthcoming activities and propose your answers to your preceptor in a Word instrument contriveatted to adapted APA specifications. Include any embezzle supported computations and explanations.
Part One:
Review the financial notification pertaining to the City of Northern Pines in quantity 2-8 on pages 52 and 53 of your extract. Prepare, in cheerful contrive, a Statement of Activities for the city of Northern Pines for the year ended June 30, 2015. Northern Pines has no constituent units.
The forthcoming notification is suited for the making-ready of the empire-wide financial statements for the City of Northern Pines for the year ended June 30, 2015:
Expenses:
General empire $10,100,000
Public prophylactic 22,900,000
Public works 11,890,000
Health and sanitation 6,210,000
Culture and diversion 4,198,000
Interest on long-term liability, empireal character 1,021,000
Water and sewer method 11,550,000
Parking method 419,000
Revenues:
Charges for services, unconcealed empire 1,110,000
Charges for services, exoteric prophylactic 1,210,000
Operating bestow, exoteric prophylactic 698,000
Charges, for services, heartiness and sanitation 2,555,000
Operating bestow, heartiness and sanitation 1,210,000
Charges for services, culture and diversion 2,198,000
Charges for services, inspire and sewer 12,578,000
Charges for services, parking method 398,000
Property taxes 27,112,000
Sales taxes 20,698,000
Investment hues, business-character 319,000
Other Financing Sources (Uses):
Special item-gain on sale of unused fix, empireal character 1,250,000
Transfers from empire activities to business-character activities 688,000
Net composition, July 1, 2014, empireal activities 11,222,000
Net composition, July 1, 2014, business-character activities 22,000,000 22,333,000
Required: From the notification loving aloft, order, in cheerful contrive, a Statement of Activities for the City of Northern Pines for the year ended June 30, 2015. Northern Pines has no constituent units.
Part Two:
Review the financial notification pertaining to the city of Eastern Shores in quantity 2-9 on page 53 of your extract. From the notification loving, order in cheerful contrive, a Unconcealed Investment Statement of Revenues, Expenditures, and Changes in Investment Balances for the city of Eastern Shores Unconcealed Investment for the Year Ended September 30, 2015.
The forthcoming Unconcealed Investment notification is suited for the making-ready of the financial statements for the city of Eastern Shores for the year ended September 30, 2015.
Revenues:
Property taxes $28,120,000
Sales taxes 13,216,000
Fees and fines 1,124,000
License and permits 1,921,000
Intergovernmental 1,368,000
Investment hues 654,000
Expenditures:
Current:
General empire 10,252,000
Public prophylactic 24,444,000
Public works 6,211,000
Heartiness and sanitation 1,163,000
Culture and diversion 2,154,000
Debt service-principal 652,000
Debt service-interest 821,000
Proceeds of long-term, capital-related liability 2,210,000
Transfer to extraordinary produce investment 1,119,000
Special item-proceeds from sale of fix 821,000
Fund equalize, October 1, 2014 1,812,000
From the notification loving aloft, order, in cheerful contrive, a Unconcealed Investment Statement of Revenues, Expenditures, and Changes in Investment Equalize for the city of Eastern Shores Unconcealed Investment for the Year Ended September 30, 2015.
Part Three:
Review the financial transactions pertaining to the City of Springfield in quantity 3-12 on pages 82 and 83.
1. Record the transactions using embezzle record entries.
2. Prepare a budgetary similarity list for the Unconcealed Fund
Following are transactions and events of the Unconcealed Investment of the City of Springfield for the fiscal year ended December 31, 2015.
1. Estimated produces (legally budgeted)
Property taxes $5,700,000
Sales taxes $4,300,000
Licenses and permits $1,500,000
Miscellaneous $500,000
2. Appropriations
General empire $5,400,000
Culture and diversion $4,500,000
Health and welfare $1,000,000
3. Revenues ordinary (cash)
Property taxes $5,285,000
Sales taxes $4,500,000
Licenses and permits $1,700,000
Miscellaneous $800,000
4. Encumbrances issued (includes salaries and other recurring items)
Estimated
General empire $5,300,000
Culture and diversion $4,650,000
Health and welfare $905,000
5. Goods and services ordinary (hired in money)
Estimated Actual
General empire $5,300,000 $5,296,000
Culture and diversion $4,650,000 $4,610,000
Health and welfare $905,000 $891,550
6. Budget revisions
Increase appropriations:
General empire $140,000
Culture and diversion $110,000
Fund equalize on January 1, 2015, was $753,000. There were no ungathered encumbrances at that time.
a. Record the transactions using embezzle record entries.
b. Order a budgetary similarity list for the Unconcealed Fund.
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