the following information has been provided for the city of elizabeth for its fiscal 4375501

The following information has been provided for the City of Elizabeth for its fiscal year ended June 30, 2017. The information provided relates to financial information reported on the city’s statement of net position and its total governmental funds balance. Revenues accrued but unavailable to pay the current period expenditures….. $361,200 Capital assets…………………………………………………………………. 639,900 Accumulated depreciation on capital assets………………………………….. 353,400 Accrued interest on bonds and long-term notes payable……………………. 1,200 Bonds and long-term notes payable………………………………………… 174,200 Unamortized premium on bonds payable…………………………………… 700 Compensated absences……………………………………………………… 13,300 Total governmental fund balances………………………………………….. 157,700 Total net position of governmental activities……………………………….. 616,000 Required Using the information provided, prepare in good form a reconciliation of the governmental fund balances to the net position of governmental activities. View Solution:
The following information has been provided for the City of

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