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The City of Floyd Reports the Following Fund Information All

Question 20

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The City of Floyd reports the following fund information all amounts are in thousands of dollars:
All governmental funds’ fund balance$13,000Restricted fund balances:Special Revenue Fund1,200Capital Projects Fund unspent bond proceeds900Debt Service Fund1,700General capital assets10,800Accumulated depreciation on capital assets4,100General long-term liabilities:Bonds payable for capital assets5,700Liability for compensated absences3,200Internal Service Fund serving governmental activitiesNet position3,000Capital assets net of accumulated depreciation1,700Liability, capital related500\begin{array}{ll}\text {All governmental funds' fund balance}&\$13,000\\ \text {Restricted fund balances:}\\ \text {Special Revenue Fund}&1,200\\ \text {Capital Projects Fund unspent bond proceeds}&900\\ \text {Debt Service Fund}&1,700\\ \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 net position section for governmental activities for the statement of net position for the City of Floyd for the year ended December 31, 20X9.

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