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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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Irving Heathcote
Irving HeathcoteLv2
29 Sep 2019

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