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Information About the Conversion of the June 30, 20X6, Governmental

Question 18

Essay

Information about the conversion of the June 30, 20X6, Governmental Funds Balance Sheet to the Statement of Net Position for the City of Pleasant Hill is presented below (all amounts are in thousands of dollars):

 All governmental funds’ fund balances. $13,000 Deferred revenues related to property taxes 2,000Accrued interest on long-term liabilities 1,200 General capital assets.10,800Accumulated depreciation on general capital assets 4,100 General long-term liabilities:  Bonds payable for capital assets 5,700 Compensated absences payable 3,200 Internal service fund serving governmental activities  Net position 3,000 Capital assets, net of accumulated depreciation1,700Capital-related liabilities 500\begin{array}{llr} \text { All governmental funds' fund balances. } &\$13,000\\ \text { Deferred revenues related to property taxes } &2,000\\ \text {Accrued interest on long-term liabilities } &1,200\\ \text { General capital assets.} &10,800\\ \text {Accumulated depreciation on general capital assets } &4,100\\ \text { General long-term liabilities: } &\\ \text { Bonds payable for capital assets } &5,700\\ \text { Compensated absences payable } &3,200\\ \text { Internal service fund serving governmental activities } &\\ \text { Net position } &3,000\\ \text { Capital assets, net of accumulated depreciation} &1,700\\ \text {Capital-related liabilities } &500\\\end{array}

Requirement: Prepare the reconciliation of total fund balance to net position for governmental activities for the City of Pleasant Hill, given the following information.

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