The Following Water and Sewer Information Is Available for the Preparation

question 54

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, 2017:
$\begin{array}{lr}\text { Operating revenues-charges for services } & \$ 17,590,000 \\\text { Operating expenses: } & \\\text { Personal services } & 9,490,000 \\\text { Contractual services } & 1,822,000 \\\text { Utilities } & 880,000 \\\text { Repairs and maintenance } & 1,580,000 \\\text { Depreciation } & 2,640,000 \\\text { Interest revenue } & 130,000 \\\text { Interest expense } & 360,000 \\\text { Capital contributions } & 997,000 \\\text { Transfer to General Fund } & 950,000 \\\text { Net position, July 1,2016 } & 2,720,000\end{array}$
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 Position for the County of Augusta for the Year Ended June 30, 2017.

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Definitions:

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Creative and Challenging Work

Assignments or projects that stimulate innovation and require problem-solving, often demanding a high level of skill or effort.

Social Needs

Fundamental human desires for belonging, love, and affection that motivate behavior.

Intrinsic Rewards

Rewards that come from within an individual, such as personal satisfaction or joy from performing an activity.