The City of Terrytown Reports the Following Information:
?

question 13

Essay

The City of Terrytown reports the following information:
?
?
$$\begin{array} { l r } \text { Government Activities: } & \\\text { General-Direct Expenses } & 85,000 \\\text { Police-Direct Expenses } & 115,000 \\\text { Fire Safety-Direct Expenses } & 95,000 \\\text { Public Works-Direct Expenses } & 185,000 \\\text { Recreation-Direct Expenses } & 75,000 \\\text { Library-Direct Expenses } & 140,000 \\\text { Interest on Long term Debt-Direct } & 30,000 \\\text { Police-Indirect Allocation } & 20,000 \\\text { Fire Safety-Indirect Allocation } & 25,000 \\\text { Public Works-Indirect Allocation } & 25,000 \\\text { Recreation-Indirect Allocation } & 10,000 \\\text { Library-Indirect Allocation } & 20,000 \\\text { Charges for Police service } & 90,000 \\\text { Charges for Fire Safety } & 50,000 \\\text { Charges for Public Works } & 105,000 \\\text { Charges for Recreation } & 45,000 \\\text { Charges for Library } & 25,000 \\\text { Operating Grants for Fire Safety } & 15,000 \\\text { Capital Grants for Library } & 75,000\end{array}$$ There are no business type activities for this city or other component units.Taxes raised for general revenues equal $200,000 and taxes raised for debt service equal $25,000.Other general revenues were generated through fines, fees, and permits that total $100,000.The city also sold a plot of land for a gain of $10,000.The beginning of the year net assets totaled $155,000.
?
Required:
?
Prepare a statement of activities schedule for the city.

---

Definitions:

Greenhouse Gas Emissions

Greenhouse gas emissions are gases released into the atmosphere that trap heat, contributing to global warming and climate change.

Tailoring Rule

A principle in environmental law that allows for regulations to be adjusted or "tailored" to fit the specific circumstances of different sources or categories of sources, rather than applying a one-size-fits-all approach.

Cap and Trade

An environmental policy tool that limits or caps the total level of certain greenhouse gas emissions and allows industries with low emissions to sell their extra allowances to larger emitters.

National Environmental Policy Act

A U.S. environmental law that promotes the enhancement of the environment and established the President's Council on Environmental Quality (CEQ). It requires environmental impact statements for major federal actions significantly affecting the environment.