Requirement 7f.
Cash flows from operating activities:
Cash received from customers 2,639,850$
Cash flows from capital and related financing activities:
Equipment purchase (159,600)
Net cash used in capital and related financing activities: (159,600)
Net increase in cash and cash equivalents 136,392
Cash and cash equivalents, January 1 245,000
Cash and cash equivalents, December 31 381,392$
Reconciliation of Operating Income to Net Cash Provided
by Operating Activities
Operating Income 88,096$
Adjustments:
Depreciation expense 309,330
Decrease in net accounts receivable 18,260
Decrease in due from other funds 4,300
Increase in inventories (20,523)
Increase in vouchers payable 40,420
City of Smithville
Statement of Cash Flows
Proprietary Funds
For the Year Ended December 31, 2023
Description Debit Credit
Taxes Receivable for Other Funds and Governments-Delinquent 2,367,865
Due to Other Funds 312,276
Post-closing Trial Balance as of 2023
City of Smithville
7 – Tax Custodial Fund
Post-closing Trial Balance Prepared by: Author Page 1 of 1
Requirement 8c.
Debits Credits
Taxes Receivable for Other Funds and Governments-Delinquen
$ 2,367,865
Due to Other Funds $ 312,276
City of Smithville
Tax Custodial Fund
Post-closing Trial Balance
For year 2023
Requirement 8c.
Description Debit Credit
Taxes Receivable for Other Funds and Governments-Delinquent 2,367,865
Due to Other Funds 312,276
Net Position – Restricted for Other Governments 1,533,587
Additions-Property Tax Collections for Other Governments 12,811,984
Additions – Interest and Penalties Collections for Other Governments 57,654
Pre-closing Trial Balance as of 2023
City of Smithville
7 – Tax Custodial Fund
Requirement 8d.
Debits Credits
Taxes Receivable for Other Funds and Governments-Delinquen
$ 2,367,865
Due to Other Funds $ 312,276
Net Position – Restricted for Other Governments 1,533,587
Additions-Property Tax Collections for Other Governments 12,811,984
City of Smithville
Tax Custodial Fund
Pre-closing Trial Balance
For year 2023
Requirement 8d.
Description Debit Credit
Cash 633,043
Taxes Receivable-Delinquent 286,360
Allowance for Uncollectible Delinquent Taxes 23,539
Inventory of Supplies 60,420
Land 4,231,000
Infrastructure 13,162,000
Accumulated Depreciation-Infrastructure 2,871,964
Buildings 6,296,000
Vouchers Payable 219,121
Due to Federal Government 133,973
Due to State Government 36,170
Accrued Interest Payable on Long-Term Debt 37,500
Internal Payables to Business-Type Activities 3,100
Net Position-Restricted for Public Safety 114,000
Net Position-Unrestricted 432,435
Program Revenues-General Government-Charges for Services 939,645
Program Revenues-Public Safety-Charges for Services 99,519
Program Revenues-Public Safety-Operating Grants and Contributions 360,000
Program Revenues-Health and Welfare-Operating Grants and Contributions 429,000
Program Revenues-Culture and Recreation-Charges for Services 293,639
General Revenues-Taxes-Real Property 1,859,913
General Revenues-Taxes-Sales 1,940,203
General Revenues-Interest and Penalties on Taxes 6,918
General Revenues-Miscellaneous 91,250
Pre-closing Trial Balance as of 2023
City of Smithville
5 – Governmental Activities, Governmental-Wide level
Requirement 9c.
Description Debit Credit
Expenses-Culture and Recreation 709,225
Pre-closing Trial Balance as of 2023
City of Smithville
5 – Governmental Activities, Governmental-Wide level
Pre-closing Trial Balance Prepared by: Author Page 2 of 2
Debits Credits
Cash $ 633,043
Taxes Receivable-Delinquent 286,360
Infrastructure 13,162,000
Accumulated Depreciation-Infrastructure 2,871,964
Buildings 6,296,000
Accumulated Depreciation-Buildings 1,940,846
Equipment 3,641,575
Accumulated Depreciation-Equipment 2,264,594
Vouchers Payable 219,121
Due to Federal Government 133,973
Due to State Government 36,170
Accrued Interest Payable on Long-Term Debt 37,500
Program Revenues-General Government-Charges for Services 939,645
Program Revenues-Public Safety-Charges for Services 99,519
Program Revenues-Public Safety-Operating Grants and Contrib
360,000
Program Revenues-Health and Welfare-Operating Grants and C
429,000
City of Smithville
Governmental Activities, Governmental-Wide level
Pre-closing Trial Balance
For year 2023
Program Revenues-Culture and Recreation-Charges for Services
293,639
General Revenues-Taxes-Real Property 1,859,913
General Revenues-Taxes-Sales 1,940,203
General Revenues-Interest and Penalties on Taxes 6,918
General Revenues-Miscellaneous 91,250
Expenses-General Government 1,267,823
Expenses-Public Safety 2,491,042
Description Debit Credit
Cash 633,043
Taxes Receivable-Delinquent 286,360
Allowance for Uncollectible Delinquent Taxes 23,539
Interest and Penalties Receivable on Taxes 11,902
Accumulated Depreciation-Infrastructure 2,871,964
Buildings 6,296,000
Accumulated Depreciation-Buildings 1,940,846
Equipment 3,641,575
Accumulated Depreciation-Equipment 2,264,594
Vouchers Payable 219,121
Due to Federal Government 133,973
Due to State Government 36,170
Accrued Interest Payable on Long-Term Debt 37,500
Internal Payables to Business-Type Activities 3,100
Deferred Serial Bonds Payable 3,000,000
City of Smithville
5 – Governmental Activities, Governmental-Wide level
Post-closing Trial Balance Prepared by: Author Page 1 of 1
Debits Credits
Cash $ 633,043
Taxes Receivable-Delinquent 286,360
Allowance for Uncollectible Delinquent Taxes $ 23,539
Interest and Penalties Receivable on Taxes 11,902
Buildings 6,296,000
Accumulated Depreciation-Buildings 1,940,846
Equipment 3,641,575
Accumulated Depreciation-Equipment 2,264,594
Vouchers Payable 219,121
Due to Federal Government 133,973
Due to State Government 36,170
Accrued Interest Payable on Long-Term Debt 37,500
Internal Payables to Business-Type Activities 3,100
Deferred Serial Bonds Payable 3,000,000
Premium on Deferred Serial Bonds Payable 29,536
City of Smithville
Governmental Activities, Governmental-Wide level
Post-closing Trial Balance
For year 2023
Requirement 9c.
Requirement 9c.
Primary Government
Governmental Business-type Component
Assets Activities Activities Total Units (none)
Cash 633,043$ 381,392$ 1,014,435$
Receivables, net (Note 1) 271,984 94,088 366,072
Inventories 60,420 74,583 135,003
Capital assets, net (Note 2) 20,253,171 2,344,908 22,598,079
Total Assets 21,218,618 2,894,971 24,113,589
Liabilities
Accounts and other payables 426,764 117,904 544,668
Net Position
Net investment in capital assets 17,223,635 2,044,908 19,268,543
Restricted for:
Public safety 54,000 36,000
Notes:
1. Receivables consist of: Governmental Activities: Taxes receivable—delinquent of $286,360
Business-type Activities: Customer accounts receivable or $99,813, less related allowance for
2. Net capital assets consist of: Governmental Activities: Land $4,231,000, Infrastructure $13,162,000,
less accumulated depreciation of $2,871,964; Buildings of $6,296,000, less accumulated depreciation
of $1,940,846; and Equipment of $3,641,575, less accumulated depreciation of $2,264,594.
Business-type Activities: Land of $600,000; Buildings of $1,650,000, less accumulated depreciation
of $832,500 and Equipment of $1,800,000, less accumulated depreciation of $872,592.
City of Smithville
Statement of Net Position
As of December 31, 2023