Budget and Actual: General Fund 4For The Year Ended December 31, 2013 Budgeted A
ID: 2411117 • Letter: B
Question
Budget and Actual: General Fund 4For The Year Ended December 31, 2013 Budgeted Amounts Actual AmountsVariance with Budgetary Basis Final Budget 6 REVENUES Original (16,782) 37,617,870 2,294,610 26,349,88026,349,880 3,860,960 1,672,850 2,195,950 1,367,000 325,040 1,118,980 76,803,140 37,601,088 2,190,896 26,421,605 4,060,643 1,730,068 2,106,859 1,167,124 122,917 1,351,211 76,752,411 Property Taxes 37,617,870 2,294,610 8 Licenses and permits 9Intergovernmental 10 Public charges for services 11Intergovernmental charges for services 12 Interdepartmental charges for services 13Fines and forfeits 14 Interest 15 Miscellaneous 16 TOTAL REVENUES 3,860,960 1,672,850 2,195,950 1,367,000 325,040 1,118,980 76,803,140 (89,091) (199.876) (202,123) 232,231 18 I EXPENDITURES 19 Current 20 General Government 21Public Safety 22 Public Works 23 Culture and recreation 24 Conservation and development 25 TOTAL EXPENDITURES 7,787,857 47,007,279 16,936,636 7,394,538 959,780 8,166,790 46,530,600 16,708,760 7,544,657 46,718,989 15,816.093 7,016,313 945.497 78,041,549 243.200 288,290 1.120,543 378,225 14,283 2.044,541 79,678,260 27 REVENUES OVER (UNDER) EXPENDITURES(2.875,120)3.282 950(1289.138)(2,095,270) 28 : OTHER FINANCING SOURCES (USES) 29 Transfers in 30 Transfers out 31 32 Excess of revenues and other sources over 33(under) expenditures and other uses 34 FUND BALANCE -Beginning of Year 2,875,120 2,875 120 2,984,703 (1,253,920) 1,730,783 109,583 1,253,920) (1,144,337) 2.875.120 2,875,120 (407.830) 12.622,006 12,214.176 849,475 12 622.006 12,622,006 12,622,006 13,063,651 FUND BALANCE End of Year TemplateExplanation / Answer
A.Record the original budget:
Account Title and Description
Debits
Credits
Estimated revenue
76803140
Estimated other financing sources
2875120
Appropriations for expenditure
79678260
(To Record the annual budget of the general fund as adopted)
B. Record the budget revision:
Account Title and Description
Debits
Credits
Fund balance
407830
To Appropriations
407830
(To record the budget extension due to unanticipated increase in expenditure)
C. Record the actual revenues:
Account Title and Description
Debits
Credits
Cash
76803140
Property and Taxes
37617870
Licenses and Permits
2294610
Intergovernamental
26349880
Public charges for services
3860960
Intergovernmental charges for services
1672850
Interdepartmental charges for services
2195950
Fines and forfeits
1367000
Interest
325040
Miscelleneous
1118980
(Being cash received from different sources of revenue)
Property and Taxes
37617870
Licenses and Permits
2294610
Intergovernamental
26349880
Public charges for services
3860960
Intergovernmental charges for services
1672850
Interdepartmental charges for services
2195950
Fines and forfeits
1367000
Interest
325040
Miscelleneous
1118980
To Revenue
76803140
(To record of revenue in revenue account of different sources of income)
D. Record the encumbrances:
Account Title and Description
Debits
Credits
Encumbrances
80086090
Reserved for encumbrances
80086090
(To record the encumbrances of all the expenditures)
E. Record the actual expenditures and encumbrance reversal:
Account Title and Description
Debits
Credits
General government
7544657
Public safety
46718989
Public works
15816093
Culture and recreation
7016313
Conservation and development
945497
To Cash
78041549
(To record the Payment of actual expenditure incurred)
Expenditure
78041549
To General government
7544657
To Public safety
46718989
To Public works
15816093
To Culture and recreation
7016313
TO Conservation and development
945497
(To record the actual expenditure incurred
Encumbrances reversal:
Account Title and Description
Debits
Credits
Reserved for encumbrances
2044541
To Encumbrances
2044541
(To record the reversal of encumbrance created)
Account Title and Description
Debits
Credits
Estimated revenue
76803140
Estimated other financing sources
2875120
Appropriations for expenditure
79678260
(To Record the annual budget of the general fund as adopted)
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