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The following alphabetic listing displays selected balances in the governmental activities accounts of Westover Village as of its June $30$ fiscal year$-$end. Assume that the beginning net position is $$1,693($in thousands$)$ and that there were no changes in net position during the year other than those reflected in the selected account balances shown. For simplicity, assume that the village does not have business$-$type activities or component units.

WESTOVER VILLAGE

Governmental Activities

Selected Account Balances $($in thousands$)$

For the Year Ended June $30,2023$

Expenses$-$Culture and Recreation

Expenses$-$General Government

Expenses$-$Health and Sanitation

Expenses$-$Interest on Long$-$term Debt

Expenses$-$Public Safety

General Revenues$-$Investment Earnings

General Revenues$-$Property Taxes

General Revenues$-$Unrestricted Grants and Contributions

Program Revenue$-$Culture and Recreation$-$Charges for Services

Program Revenue$-$Culture and Recreation$-$Operating Grants

Program Revenue$-$General Government$-$Charges for Services

Program Revenue$-$General Government$-0$perating Grants

Progran Revenue$-$Health and Sanitation$-$Charges for Services

Program Revenue$-$Public Safety$-$Capital Grants

Program Revenue$-$Public Safety$-$Charges for Services

Program Revenue$-$Public Safety$-$Operating Grants

Special Item$-$Gain on Sale of Park Land

$\backslash$table$[[$Debits$,$Credits$],[12,402,],[9,621,],[6,838,],[6,118,],[34,894,],[,2,008],[,56,350],[,1,250],[,4,645],[,2,500],[,3,196],[,893],[,5,662],[,67],[,1,248],[,1,357],[,3,523]]$

Required

Prepare a $($partial$)$ statement of activities. $($Enter your answers in thousands. Input all amounts as positive values.$)$

What is the change in Net Position?

What is the Net Position for July $1$st$,2022?$

Answer & Explanation Solved by verified expert

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