Presented below is the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the Trinity Parish Fire District, a special-purpose entity engaged in a single governmental activity. TRINITY PARISH FIRE DISTRICT
Governmental Funds: Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Year Ended December 31, 2017
General Special
Fund Revenue Fund Total
Revenues
Property taxes $ 312,500 $ 312,500
Intergovernmental 33,000 $ 22,000 55,000
Miscellaneous 7,750 7,750
Total revenues 353,250 22,000 375,250
Expenditures
Current
Personnel services 160,000 18,250 178,250
Supplies 28,750 28,750
Capital outlay 131,000 131,000
Debt service
Principal 6,750 6,750
Interest 10,250 10,250
Total expenditures $ 336,750 $ 18,250 $ 355,000
Revenues over expenditures 16,500 3,750 20,250
Other financing sources (uses):
Issuance of debt 22,000 22,000
Transfers from other funds 5,500 5,500
Transfers (to) other funds (5,500) (5,500)
Total other financing sources 16,500 5,500 22,000
Excess of revenues and other
sources over (under)
expenditures and other uses 33,000 9,250 42,250
Fund balance—beginning of year 26,000 (8,500) 17,500
Fund balance—end of year $ 59,000 $ 750 $ 59,750
Additional information:
Property taxes expected to be collected more than 60 days following year-end are deferred in the fund-basis statements. Deferred taxes totaled $41,500 at the end of 2016 and $37,250 at the end of 2017.
The current year provision for depreciation totaled $66,500.
Interest on long-term notes payable is paid monthly (no accrual is necessary).
Total Net Position on the December 31, 2016, Statement of Net Position totaled $138,000.
Prepare a combined Governmental Funds Balance Sheet/Statement of Net Position. (Amounts to be deducted should be indicated by a minus sign.)