The Following Water and Sewer Information Is Available for the Preparation

question 19

Essay

The following water and sewer information is available for the preparation of the financial statements for the County of Augusta for the year ended June 30, 2009:
$$\begin{array} { l | r } \hline \text { Operating revenues-charges for services } & \$ 16,900,000 \\\text { Operating expenses: } & \\\text { Personal services } & 8,090,000\\\text { Contractual services } & 2,222,000 \\\text { Utilities } & 880,000 \\\text { Repairs and maintenance } & 1,580,000 \\\text { Depreciation } &2,840,000 \\\text { Interest revenue } &130,000 \\\text { Interest expense } & 340,000 \\\text { Capital contributions } & 520,000 \\\text { Transfer to general fund } & 700,000\\\text { Net assets, July } 1,2008 &990,000\end{array}$$ Required: From the information given above, prepare, in good form, a Water and Sewer Fund column for the proprietary fund Statement of Revenues, Expenses and Changes in Fund Net Assets for the County of Augusta for the Year Ended June 30, 2009.

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Definitions:

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between certain characteristics of a population or data.

Equals Sign

A symbol (=) indicating mathematical equality between two expressions.

Research Hypothesis

Another term for alternative hypothesis, indicating the expected outcome or belief regarding a study's findings.

Null Hypothesis

In statistical testing, it posits there is no effect or no difference, serving as the default or hypothesis to be tested.