Instructions

Use the following information to complete the yellow highlighted areas on worksheets 8-25a and 8-25b. (These highlighted areas default to 1 until you type in the correct amount.)
As you complete each cell on the worksheet, the cells to the far right will indicate whether your entry is correct or not.
8-25 19e
	Fiduciary Fund Financial Statements (LO8-4) The following are the trial balances for the fiduciary funds administrered by the City of Mariville as of its year-end June 30, 2023. The net position amounts provided are as of the beginning of the fiscal year, July 1, 2022. Only those amounts that must be reported in the fiduciary fund financial statements are included in the trial balances.
	Required:
	8-25 a. Prepare the statement of changes in fiduciary net position for the year ended June 30, 2023.
	8-25 b. Prepare the statement of fiduciary net position as of June 30, 2023.

8-25 a

Solution
	8-25 a					Check here for Feedback
	CITY OF MARIVILLE
	Statement of Revenues, Expenses and Changes in Fiduciary Net Position
	For the Year Ended
			Private- Purpose Trust Funds
		Pension Trust Funds		Total Trust Funds	Custodial Funds
	ADDITIONS
	Contributions:
	Employer	1	1	2	1
	Members	1	1	2	1
	Donations	1	1	2	1
	Tax collections	1	1	2	1
	Investment Earnings:	1	1	2	1
	Interest & dividends	1	1	2	1
	Total additions	6	$6	$12	$6
	DEDUCTIONS
	Benefits paid	1	1	2	1
	Payments to participants	1	1	2	1
	Payments of Property Taxes to Other Governments	1	1	2	1

	Administrative expenses & other	1	1	2	1
	Total deductions	$4	$4	$8	$4
	Net increase (decrease) in fiduciary net position
		1	1	1	1
	Net position beginning	41,123,848	164,082	41,287,930	240,932
	Net position ending	$41,123,849	$164,083	$41,287,931	$240,933

						Check here for Feedback
Solution
	8-25 b
	Statement of Fiduciary Net Position
	As of Year End
			Private- Purpose Trust Funds
		Pension Trust Funds		Total Trust Funds	Custodial Funds
	ASSETS
	Cash & cash equivalents	$1	$1	$2	$1
	Receivables	1	1	2	1
	Investments	1	1	2	1
	Total assets	$3	$3	$6	$3
	LIABILITIES
	Accounts payable	1	1	2	1
	Due to other funds	1	1	2	1
	Total liabilities	2	$2	$4	$2
	NET POSITION
	Restricted for:
	Pensions	1	1	2	1
	Other governments	1	1	2	1
	Other purposes	1	1	2	1
	Total net position	$3	$3	$6	$3

Solution
	8-25 a
	CITY OF MARIVILLE
	Statement of Revenues, Expenses and Changes in Fiduciary Net Position
	For the Year Ended
			Private- Purpose Trust Funds
		Pension Trust Funds		Total Trust Funds	Custodial Funds
	ADDITIONS
	Contributions:
	Employer	Try Again	Try Again	Try Again	Try Again
	Members	Try Again	Try Again	Try Again	Try Again
	Donations	Try Again	Try Again	Try Again	Try Again
	Tax collections	Try Again	Try Again	Try Again	Try Again
	Investment Earnings:	Try Again	Try Again	Try Again	Try Again
	Interest & dividends	Try Again	Try Again	Try Again	Try Again
	Total additions	$0	$0	$0	$0
	DEDUCTIONS
	Benefits paid	Try Again	Try Again	Try Again	Try Again
	Payments to participants	Try Again	Try Again	Try Again	Try Again
	Payments of Property Taxes to Other Governments	Try Again	Try Again	Try Again	Try Again

	Administrative expenses & other	Try Again	Try Again	Try Again	Try Again
	Total deductions	$0	$0	$0	$0
	Net increase (decrease) in fiduciary net position
		Try Again	Try Again	Try Again	Try Again
	Net position beginning	41,123,848	164,082	41,287,930	240,932
	Net position ending	Try Again	Try Again	Try Again	Try Again

Solution
	8-25 b
	Statement of Fiduciary Net Position
	As of Year End
			Private- Purpose Trust Funds
		Pension Trust Funds		Total Trust Funds	Custodial Funds
	ASSETS
	Cash & cash equivalents	Try Again	Try Again	Try Again	Try Again
	Receivables	Try Again	Try Again	Try Again	Try Again
	Investments	Try Again	Try Again	Try Again	Try Again
	Total assets	Try Again	Try Again	Try Again	Try Again
	LIABILITIES
	Accounts payable	Try Again	Try Again	Try Again	Try Again
	Due to other funds	Try Again	Try Again	Try Again	Try Again
	Total liabilities	Try Again	Try Again	Try Again	Try Again
	NET POSITION
	Restricted for:
	Pensions	Try Again	Try Again	Try Again	Try Again
	Other governments	Try Again	Try Again	Try Again	Try Again
	Other purposes	Try Again	Try Again	Try Again	Try Again
	Total net position	Try Again	Try Again	Try Again	Try Again