Loose-leaf For Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781260190083
Author: Jacqueline L. Reck James E. Rooks Distinguished Professor, Suzanne Lowensohn, Daniel Neely
Publisher: McGraw-Hill Education
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Question
Chapter 9, Problem 21EP
To determine
Prepare the reconciliation of the governmental fund balances to the net position of the governmental activities.
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Students have asked these similar questions
Which of the financial statements described below is prepared by the general fund of a state or local government?
Group of answer choices
a.) A statement of revenues, expenses, and changes in retained earnings.
b.) An income statement.
c.) A statement of revenues, expenditures, and changes in fund balance.
The following information has been provided for the City of Elizabeth for its fiscal year ended June 30. The information provided
relates to financial information reported on the city's statement of net position and its total governmental funds balance.
Deferred inflows of resources due to unavailability of resources to
pay current expenditures
Capital assets
Accumulated depreciation on capital assets
Accrued interest on bonds and long-term notes payable
Bonds and long-term notes payable
Unamortized premium on bonds payable
Compensated absences
Total governmental fund balances
Total net position of governmental activities
Required
5364,608
641,600
356,000
2,908
177,608
2,400
16,708
162,808
612,600
Prepare reconciliation of the governmental fund balances to the net position of governmental activities. (Decreases should be
indicated with a minus sign.)
CITY OF ELIZABETH
Reconciliation of the Balance Sheet-Governmental Funds to the Statement of Net Position
Total fund balances…
The following information has been provided by the City of Edward for its most recent December 31 fiscal year-end. The information
provided relates to financial information needed to reconcile the net change in governmental fund balances to the change in net
position of governmental activities.
Principal payment on long-term debt
Net change in total governmental fund balances
Change in net position of governmental activities
Capital outlay reported as expenditures
Depreciation expense
$ 333,791
1,062,777
638,576
111,000
Accrued expenses that do not require use of current financial resources
Revenues that do not provide current financial resources
49,059
5,650
34,119
Required
Prepare reconciliation of the net change in governmental fund balances to the change in net position of governmental activities for the
City of Edward. (Decreases should be indicated with a minus sign.)
CITY OF EDWARD
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund…
Chapter 9 Solutions
Loose-leaf For Accounting For Governmental & Nonprofit Entities
Ch. 9 - Prob. 1QCh. 9 - Prob. 2QCh. 9 - Prob. 3QCh. 9 - What is a component unit?Ch. 9 - Explain the difference between a blended and a...Ch. 9 - Prob. 6QCh. 9 - Prob. 7QCh. 9 - Prob. 8QCh. 9 - Give examples of items (transactions) that would...Ch. 9 - Prob. 10Q
Ch. 9 - Prob. 11QCh. 9 - Prob. 12CCh. 9 - The MDA for the 2016 City and County of Denver...Ch. 9 - Prob. 14CCh. 9 - Prob. 17.1EPCh. 9 - Prob. 17.2EPCh. 9 - Prob. 17.3EPCh. 9 - Interim government financial reports a. Are not...Ch. 9 - The comprehensive annual financial report (CAFR)...Ch. 9 - Prob. 17.6EPCh. 9 - The city council of Lake Jefferson wants to...Ch. 9 - Prob. 17.8EPCh. 9 - Prob. 17.9EPCh. 9 - Prob. 17.10EPCh. 9 - A positive unassigned fund balance can be found in...Ch. 9 - A city established a special revenue fund for gas...Ch. 9 - The county commission passed into law through an...Ch. 9 - Prob. 17.14EPCh. 9 - Prob. 17.15EPCh. 9 - Prob. 18EPCh. 9 - Prob. 19EPCh. 9 - The City of Lynnwood was recently incorporated and...Ch. 9 - Prob. 21EPCh. 9 - Prob. 22EPCh. 9 - Prob. 23EPCh. 9 - Prob. 24EPCh. 9 - You have recently started working as the...Ch. 9 - Prob. 26EPCh. 9 - Prob. 27EP
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