Presented below is the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the Trinity Parish Fire District, a special-purpose entity engaged in a single governmental activity. Prepare a combined Governmental Funds Balance Sheet/Statement of Net Position in the format presented in Illustration 9-2.
Additional information:
a. Property taxes expected to be collected more than 60 days following year-end are deferred in the fund-basis statements. Deferred taxes totaled $39,000 at the end of 2019 and $36,000 at the end of 2020.
b. The current year provision for depreciation totaled $65,000.
c. Interest on long-term notes payable is paid monthly (no accrual is necessary).
d. Total Net Position on the December 31, 2019, Statement of Net Position totaled $128,000.
