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Information About the Conversion of the Governmental Funds Balance Sheet

Question 12

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Information about the conversion of the 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 revenue related to property taxes. 2,000 Accrued interest on long-term liabilities 1,200 General capital assets10,800 Accumulated depreciation on capital assets4,100 General long-term liabilities: Bonds payable for capital assets5,700 Liability for compensated absences3,200Internal service fund serving governmental activitiesNet position3,000Capital assets net of accumulated depreciation1,700Liability, capital related500\begin{array}{lr} \text { All governmental funds' fund balances } & \$ 13,000 \\ \text { Deferred revenue 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 capital assets}&4,100\\\text { General long-term liabilities:}\\\text { Bonds payable for capital assets}&5,700\\\text { Liability for compensated absences}&3,200\\\text {Internal service fund serving governmental activities}\\\text {Net position}&3,000\\\text {Capital assets net of accumulated depreciation}&1,700\\\text {Liability, capital related}&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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