Presented below is information for the governmental activities for the City of Cricket Hill for the year ended December 31, 20X9. Prepare in good form a statement of activities for governmental activities only for 20X9.
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General property taxes revenue
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$13,000,000
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Unrestricted grants
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4,000,000
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Restricted grants for public safety
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1,200,000
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Capital grants for highways
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300,000
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Increase in fair value of investments
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70,000
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Interest on investments
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108,000
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Principal paid on general long-term liabilities
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1,100,000
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Interest expense on general long-term liabilities
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100,000
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Expenses:
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Expenses for general administration
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1,700,000
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Expenses for public safety
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4,200,000
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Expenses for highways and streets
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2,100,000
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Expenses for health and welfare
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3,000,000
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Fees charged for health and welfare programs
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270,000
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Transfer to Enterprise Fund
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2,500,000
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Collection of interfold advance to Enterprise Fund established three years ago
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1,000,000
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Proceeds from sale of capital assets (book value of $25,000)
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7,000
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Net assets, governmental activities, January 1, 20X9
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$3,017,000
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