Flathead County, Montana Reports the Following Balances at June 30

Essay

Flathead County, Montana reports the following balances at June 30, 2021, its fiscal year-end, using full accrual accounting:
$\begin{array}{|l|c|c|}\hline \text { (in thousands) } & \begin{array}{c}\text { Governmental } \\\text { activities }\end{array} & \begin{array}{c}\text { Business-type } \\\text { activities }\end{array} \\\hline {\text { Assets }} \\\hline \text { Cash and cash equivalents } & \$ 44,100 & \$ 9,700 \\\hline \text { Receivables, net } & 2,500 & 19,300 \\\hline \text { Due from other governmental funds } & 200 & \\\hline \text { Due from other governments } & 1,550 & \text { - } \\\hline \text { Inventories } & 1,200 & - \\\hline \text { Capital assets, net } & 92,200 & 20,300 \\\hline \text { Assessments receivable } & 3,800 & - \\\hline \text { Deferred outflows of resources: pensions } & 11,800 & 200 \\\hline {\text { Liabilities }} \\\hline \text { Operating payables } & 5,000 & 300 \\\hline \text { Due to other governmental funds } & 200 & \\\hline \text { Due to other governments } & 185 & - \\\hline \text { Current portion of long-term capital liabilities } & 800 & - \\\hline \text { Current portion of compensated absences payable } & 2,750 & 140 \\\hline \text { Unearned revenue } & 315 & \text { - } \\\hline \text { Landfill closure postclosure liability } & - & 9,600 \\\hline \text { Noncurrent portion of long-term capital liabilities } & 9,800 & - \\\hline \text { Noncurrent portion of compensated absences payable } & 920 & 50 \\\hline \text { Noncurrent portion of net pension and OPEB liability } & 37,030 & 1,020 \\\hline \text { ferred inflows of resources: pension deferrals } & 2,350 & 5\\\hline\end{array}$ Additional information (in thousands):
1) The net position of governmental activities has the following restrictions: general government, $850; public health and safety, $12,800; capital projects, $5,800, and debt service $5,300.
2) Business-type activities consist of a solid waste facility. There are no restrictions on the facility's net position.
Required
a. Calculate total assets of governmental activities at June 30, 2021.
b. Calculate total net position of governmental activities and business-type activities at June 30, 2021.
c. Prepare the net position section of the government-wide statement of net position at June 30, 2021, in good form.
d. Flathead County reports deferred inflows and also deferred outflows related to pensions. Explain the nature of each balance and its treatment in future years.