The unrestricted net assets for governmental activities are $49 million. The unrestricted net assets business type activities are $23 million. The restricted net assets by restrictions governmental activities are $115 million. The restricted net assets by restrictions business type activities are $14 million. The unrestricted assets are $72 million and the restricted net assets for component units are $129 million. (“Comprehensive Annual Financial Report,” 2012) 2D. From the Statement of Activities, write down the following: (1) net program expense (or revenue) governmental activities; (2) net program expense (or revenue) business-type activities; (3) net program expense (or revenue) component units; (4) change in net assets governmental activities; (5) change in net assets business-type activities; and (6) change in net assets component units. Do the ending net asset figures in this statement agree with the net asset figures in the Statement of Net Assets?
2E. From the Statement of Revenues, Expenditures, and Changes in Fund Balances for Governmental Funds, identify the names of the major governmental funds. Write down the net change in fund balance for each major fund. The names of the major governmental funds include: property, transaction privilege and state revenue sharing. Property changed $10.9 million, transaction privilege was $3.4 million and state revenue sharing is $4.8 million. (“Comprehensive Annual Financial Report,” 2012) 2F. From the governmental fund statements, take one major fund (other than the General Fun) and prove, using the 10 percent and 5 percent criteria described in this chapter, that the fund is required to be reported as a major fund. The highway section is considered to be a major fund. This is because it is encompassing nearly 6% change which is in line with the criteria by coming in at $4.7 million. (“Comprehensive Annual Financial Report,” 2012) 2G. From the Statement of Revenues, Expenses, and Changes in Fund Net Assets list the major enterprise funds. For each, write down: (1) the operating income, (2) the net income (loss) before contributions and (3) the change in net assets.
The operating income is $7.7 million. The net income is $7.2 million and the changes in net assets are $69.7 million. (“Comprehensive Annual Financial Report,” 2012)
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