The following alphabetic listing displays selected balances in the governmental activities accounts of Westover Village...
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Accounting
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
Debits
Credits
ExpensesCulture and Recreation
12,402
ExpensesGeneral Government
9,621
ExpensesHealth and Sanitation
6,838
ExpensesInterest on Long-term Debt
6,118
ExpensesPublic Safety
34,894
General RevenuesInvestment Earnings
2,008
General RevenuesProperty Taxes
56,350
General RevenuesUnrestricted Grants and Contributions
1,250
Program RevenueCulture and RecreationCharges for Services
4,045
Program RevenueCulture and RecreationOperating Grants
2,500
Program RevenueGeneral GovernmentCharges for Services
3,196
Program RevenueGeneral GovernmentOperating Grants
893
Program RevenueHealth and SanitationCharges for Services
5,662
Program RevenuePublic SafetyCapital Grants
67
Program RevenuePublic SafetyCharges for Services
1,248
Program RevenuePublic SafetyOperating Grants
1,357
Special ItemGain on Sale of Park Land
3,523
Required
Prepare a (partial) statement of activities. (Enter your answers in thousands. Input all amounts as positive values.)
WESTOVER VILLAGE
Statement of Activities (Partial)
For the Year Ended June 30, 2020
(in thousands)
Program Revenues
Net (Expense) Revenue and Changes in Net Position
Functions/Programs
Expenses
Charges for Services
Operating Grants
Capital Grants
Primary Government:
$0
0
0
0
0
Total Governmental Activities
$0
$0
$0
$0
0
General Revenues:
Total general revenues
0
Total general revenues and special items
0
Change in net position
Net positionJuly 1, 2022
Net positionJune 30, 2023
$0
Answer & Explanation
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