112 Part One State aud Lorad Goverets (1.03-3) Grcenville han Ch eapenditure/Enc

Question

112 Part One State aud Lorad Goverets (1.03-3) Grcenville han Ch eapenditure/Encumbrances subsidiary ledgers for the fiscal y the begianing f not amended during the year. ended. Aswa 3-28. Governmental Fund Statement and Schedule from its General Fund Revenues and A the following information es fund balances are $152 (in thousands) and that the bud City of Greenville General Fund Subsidiary Ledger Account Balances (in thousands) For the Fiscal Year 6,048 303 500 370 Estimated Revenue Taxes Fines & Forleits Intergovernmental Revenue Charges for Services 605 Taxes Fines & Fodets Imergovernmental Revenue Charges for Services 1635 3375 442 General Government Pubilic Safety Pubic Works Cuture & Recreatior Estimated Other Financing Uses interfund Transfers Out 50 General Govemment Public Safety Public Works Cuture & Recreation 1,622 3.361 1,443 718 General Govenment Public Safety Public Works Cuture & Recreation Other Financing Uses nberfund Transfers Ot 50 a. Prepare a General Fund statement of revenues, expenditures, and cianges b Prepare a General Fund schedule of revenues, expenditures, and charca fund balance. fund balance--budget and actual (assume the budget is prepared o basis).

Explanation / Answer

The entire question is solved taking the amounts as $ thousands

Statement of Revenues and Expenditure

Changes in Fund

Budget vs Actual

Expenditure Revenue Particulars Debit Particulars Credit Expenditures: Taxes 6051 General Government 1622 Fines 308 Public Safety 3361 Intergovernmental Revenue 500 Public Works 1443 Charges for Services 366 Culture and Recreation 718 Appropriations : Encumbrances: General Government 1635 General Government 8 Public Safety 3375 Public Safety 11 Public Works 1448 Public Works 3 Culture and Recreation 724 Others: Others: Other Financing Uses 50 Interfund Transfers Out 50 Net Income 7241

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