The City of Floyd Reports the Following Fund Information All

question 34

Essay

The City of Floyd reports the following fund information all amounts are in thousands of dollars:
$\begin{array}{ll}\text {All governmental funds' fund balance}&\$13,000\\ \text {Restricted fund balances:}\\ \text {Special Revenue Fund}&1,200\\ \text {Capital Projects Fund unspent bond proceeds}&900\\ \text {Debt Service Fund}&1,700\\ \text {General capital assets}&10,800\\ \text {Accumulated depreciation on capital assets}&4,100\\ \text {General long-term liabilities:}\\ \text {Bonds payable for capital assets}&5,700\\ \text {Liability for compensated absences}&3,200\\ \text {Internal Service Fund serving governmental activities}&\\ \text {Net position}&3,000\\ \text {Capital assets net of accumulated depreciation}&1,700\\ \text {Liability, capital related}&500\end{array}$ 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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Definitions:

Inventory Level

The quantity of goods, materials, or products that are held by a company at any given time, which is crucial for meeting demand without incurring excessive costs.

Capacity Level

The maximum output or production ability of a facility, operation, or system given its constraints and resources.

Planning Horizon

The time frame over which future events are considered or planned for in the process of strategic decision-making.

Aggregate Planning

A process of optimizing production plans and facility operations over a medium-term horizon, to balance demand and capacity.