The Municipality of Anchorage, Alaska, reports three enterprise funds: the Electric Utility Fund, the Water Utility Fund, and the Wastewater Utility Fund. The following accounts and amounts are reported on the financial statements of the Electric Utility Fund as of December 31, 20X6:Statement of Net Position1. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 37,482,3102. Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,964,1333. Advances to other funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,688,4374. Capital assets, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 333,322,5465. Accounts payable and retainages . . . . . . . . . . . . . . . . . . . . . . . 18,763,8856. Revenue bonds payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175,017,8077. Unfunded pension obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . 618,0928. Net investment in capital assets . . . . . . . . . . . . . . . . . . . . . . . . . 108,993,625Statement of Revenues, Expenses, and Changes in Fund Net Position9. Charges for services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $114,413,01610. Salaries, supplies, and miscellaneous expenses . . . . . . . . . . . . 56,647,54011. Depreciation expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24,385,77312. Transfers out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,964,169)13. Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,106,76414. Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,310,23615. Amortization of deferred refunding charges . . . . . . . . . . . . . . 390,784Statement of Cash Flows16. Transfers to other funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,964,16917. Principal payments on capital-related long-term obligations … 21,225,00018. Receipts from customers and users . . . . . . . . . . . . . . . . . . . . . . 137,768,09219. Capital purchases with notes payable . . . . . . . . . . . . . . . . . . . . 5,236,37620. Payments to employees with notes payable . . . . . . . . . . . . . . . 18,076,95721. Interest payments on long-term obligations . . . . . . . . . . . . . . . 12,297,84722. Proceeds from maturities of investments . . . . . . . . . . . . . . . . . 6,217,57023. Contributed capital assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 396,54024. Investment income received . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,278,603Required1. For the statement of net position, identify how each of the accounts would most likely be classified, using the following classifications:a. Current assetsb. Noncurrent assetsc. Deferred outflows of resourcesd. Current liabilitiese. Noncurrent liabilitiesf. Deferred inflows of resourcesg. Net position2. For the statement of revenues, expenses, and changes in fund net position, identify how each of the reported amounts would be classified, using the following classifications:a. Operating revenuesb. Operating expensesc. Nonoperating revenuesd. Nonoperating expensese. Other categorizations3. For the statement of cash flows, identify how each cash flow amount should be classified, using the following classifications:a. Cash flows from operating activitiesb. Cash flows from noncapital financing activitiesc. Cash flows from capital financing activitiesd. Noncash investing, capital, and financing activitiesView Solution:
The Municipality of Anchorage Alaska reports three enterprise funds the



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