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Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged in a single governmental activity.

WARRENTON LIBRARY DISTRICT
Governmental Funds Balance Sheet
As of December 31, 2017
	General Fund					Special Revenue Fund					Total
Assets
Cash and cash equivalents		$	128,000				$	13,500			$	141,500
Inventories			6,450									6,450
Receivables (net)
Taxes receivable			99,500									99,500
Due from general fund								8,100				8,100
Total assets		$	233,950				$	21,600			$	255,550
Liabilities
Accounts payable			89,725					5,000				94,725
Due to special revenue fund			8,100									8,100
Total liabilities			97,825					5,000				102,825
Fund balance
Nonspendable (inventories)			6,375									6,375
Restricted for other purposes								16,600				16,600
Unassigned			129,750									129,750
Total fund balance			136,125					16,600				152,725
Total liabilities and fund balance		$	233,950				$	21,600			$	255,550

Additional information:

Capital assets (net of accumulated depreciation) amounted to $329,500 at year-end.

The liability for long-term compensated absences is estimated to be $91,225 at year-end.

Long-term notes payable amounted to $225,750 at year-end.

Prepare a combined Governmental Funds Balance Sheet/Statement of Net Position. (Amounts to be deducted should be indicated by a minus sign.)

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