A County Has the Following Governmental and Business-Type Activity Categories
Question 57
Question 57
Essay
A county has the following governmental and business-type activity categories: Governmental activities: General government Public safety Economic development Environmental protection Education Transportation Interest on long-term debt Business-type activities: Water and sewer The following information was obtained from the financial records of the county for the year ended June 30, 2021 (in thousands): July 1, 2020 net position-governmental activities July 1, 2020 net position-business-type activities Expenses: General government Public safety Economic development Environmental protection Education Transportation Interest on long-term debt Water and sewer Grants and contracts received: Public safety Economic development Environmental protection Education Charges for services: General government Public safety Economic development Environmental protection Water and sewer Property tax revenue Sales and occupancy tax revenue Other tax revenue Unrestricted investment income-governmental activities Unrestricted investment income-business-type activities $6962,29011,20027,20021,1008,90027,3006904,23011,8002305,3601702,3451,6004,7003,5002,05012,05059,00025,7005,600371160 Required Prepare, in good form, the county's government-wide statement of activities for fiscal year 2021.
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