City of Fordache General Capital Assets Debit Credit Homework week 3 11 13 2012 Problem 5 3 1 General Fund There would be no entry since there is no flow of financial resources Governmental Activities land Program Revenue Parks and Recreation Capital Grants and Contributions 2 General Fund Cash Other Financing Sources Proceeds of Capital Asset Sale Governmental Activities Cash Accumulated Depreciation Machinery and Equipment 3 General Fund Expenditures General Government Other Financing Sources Capital Lease Agreements Cash Governmental Activities Machinery and Equipment Capital Lease Obligation Payable Capital Lease Obligation Payable Cash 4 Capital Projects Fund Cash Revenue Construction Expenditures Cash Governmental Activities Cash Program Revenue Public Safety 5 200 000 6 400 6 400 28 700 30 550 30 550 550 720 000 1 176 000 720 000 5 200 000 6 400 35 100 30 000 550 30 550 550 720 000 1 176 000 Capital Grants and Construction Construction Work in Progress Cash Building Construction Work in Progress 5 General Fund There would be no entry since there is no flow of financial resources Governmental Activities Expenses General Government Machinary and Equipment Problem 6 5 1 176 000 9 720 000 720 000 1 176 000 9 720 000 1 156 000 1 156 000 City of Appleton Statement of Legal Debt Margin 31 Dec 10 Debit Credit Assessed Value of Property Rate of Debt Limitation Amount of Debt Limitation Outstanding Long Term Debt Subject to Debt Limit Convention Center Bonds General Obligation Serial Bonds Tax Increment Bonds Total Long Term Debt Deductions Amount of Assets Segregated for Debt Retirement Net Debt Subject to Limitation Legal Debt Margin Amount Available for Future 3 600 000 3 100 000 2 500 000 9 200 000 1 800 000 240 000 000 8 19 200 000 7 400 000 11 800 000