Business, 11.10.2020 23:01 paatnguyyen

(Preparation of government-wide statement of activities) The following information is taken from Hamilton Township's December 31, 2019, trial balance after all adjustments were made for preparation of the government-wide financial statements. Hamilton Township has governmental activities but no business-type activities. Using the appropriate format, prepare a statement of activities for Hamilton township for the year ended December 31, 2019.
Revenues-property taxes $3,250,000
Revenues-sales taxes 2,175,000
State-operating aid-police program 410,000
State-operating aid-town road maintenance 250,000
State capital aid-town road maintenance 50,000
Fees-sanitation 75,000
Fees-programs for youth and seniors 65,000
Fees-parks admissions 85,000
Revenue from sale of donated property 425,000
(assume this transaction is reported as a special item)
General government expenses 625,000
Police program expenses 2,615,000
Road maintenance program expenses 975,000
Sanitation program expenses 1,410,000
Parks and recreation program expenses 525,000
Youth and senior program expenses 325,000
Net position-beginning of year 3,125,000

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