Worksheet to convert Governmental fund basis information to accrual basis
#Journal Entries debits
credits
(enter as
negatives)
Gov’tal Fund
Balances
Adjustments & Eliminations
Balances for
Gov’t-wide
Stmts
type accounts to be debited here Debits Credits
type accounts to be credited here DEBITS:
Cash 2,123,249 2,123,249
Taxes Receivable, net 559,000 559,000
Inventories 116,000 116,000
Capital Assets (net) –
–
Expenditures (expenses) Current
General Govt. Operations 1,490,501 1,490,501
Public Safety 1,495,000 1,495,000
Education 1,115,000 1,115,000
Other Expenditures (expenses)
– Debt Service Principal 93,750 93,750
– Interest (expenditure/expense) 187,500 187,500
– Capital Outlay 1,250,000 1,250,000
– Depreciation –
Other Fin. Uses – Transfers Out 911,250 911,250
Total Debits 9,341,250 9,341,250
Enter all amounts as positive numbers. The worksheet is
formatted to add debits to assets & expenses and add credits
to revenues, liabilities & equity
PROVINCE OF EUROPA
STATEMENT OF ACTIVITIES GOVERNMENT-WIDE BASIS
FOR THE YEAR ENDED DECEMBER 31, 2091
Program Revenues Net (Expense) Revenue and Change in Net Position
Expenses
Charges for
Services
Operational
Grants and
Contributions
Capital
Grants and
Contributions
Governmental
Activities
Business-Type
Activities
Total
Functions/Programs
Governmental Activities:
General Government –$ –$
Public Safety – –
Education – –
Interest – –
Depreciation – –
Total Governmental Activities – – – – – –
Business Type Activities
Water and Sewer – –
Total Government –$ –$ –$ –$ –$ –$ –
General Revenues
Taxes:
Property Taxes –
Sales Taxes –
Fees, Licenses and Permits –
Transfers – Enter transfers out as negative and transfers in as positive amounts
Total General Revenues – – –
Change in Net Position – – –
Net Position, Beginning – –
Net Position, Ending –$ –$ –$
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PROVINCE OF EUROPA
STATEMENT OF NET POSITION
AS OF DECEMBER 31, 2091
Governmental
Activities
Business-Type
Activities
Total
Assets
Cash –$
Accounts Receivable (Net) –
Taxes Receivable (Net) –
Internal Balances Current – Enter payables to other funds as negative, receivables as positve amounts
Inventories –
Capital Assets, Net of Accumulated Depreciation –
Total Assets –$ –$ –$
Liabilities
Accounts Payable –
Contracts Payable –
Accrued Interest Payable –
Short Term Notes Payable –
General Obligation Bonds Payable –
Premium on Bonds Sold –
Total Liabilities – – –
Net Position
Net Investment in Capital Assets – – –
Unrestricted – – –
Total Net Position –$ –$ –$
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