Presented below is information on the GF of the City ofKnolls Hills for the year ended December 31, 20X8. Prepare ingood form (proper heading, etc.) a statement of revenues,expenditures, and changes in fund balance for this fund for20X9.
|
|
Taxes collected during 20X9
|
$17,000,000
|
Cash collected from restricted grants, eligibilityrequirements met
|
5,100,000
|
Proceeds from short-term notes
|
500,000
|
Proceeds from sale of general capital assets
|
450,000
|
License and permit fees collected
|
40,000
|
Interest collected on investments
|
67,000
|
Pass-through grants received and paid out
|
350,000
|
Cash received from terminated special revenuefund
|
477,000
|
Cash paid to other fund to finance debt service onbonds
|
1,280,000
|
Interest paid on short-term note
|
115,000
|
Interest accrued but not paid on short-termnote
|
16,000
|
Expenditures for general administration
|
2,350,000
|
Expenditures for public safety
|
2,700,000
|
Expenditures for highways and streets
|
3,450,000
|
Expenditures for health and welfare
|
1,775,000
|
Purchases of capital assets
|
450,000
|
Payment to fund to be used to finance construction ofgeneral government building
|
3,300,000
|
Collection of interfund advance established three yearsago
|
4,400,000
|
General administration salary costs incurred in 20X9 butnot paid by year end
|
10,000
|
Materials ordered but not received
|
215,000
|
Lease payments on capital lease (3rd year oflease)-Interest is $24,000 of total
|
77,000
|
Taxes receivable, January 20X9
|
5,000,000
|
Taxes receivable, December 31 20X9
|
4,500,000
|
20X8 taxes collected in January or February20X9
|
2,400,000
|
20X9 taxes expected to be collected in January or February20Y0
|
1,400,000
|
Book value of investments, December 31, 20X9
|
1,000,000
|
Fair value of investments, December 31, 20X9
|
1,270,000
|
Reserve for Encumbrances, December 31, 20X8
|
750,000
|
Unreserved Fund Balance, December 31, 20X8
|
$2,788,000
|
Amortized approached not required forinvestments.
Check figures: Revenues (total)#21,827,000 (list out all of sources of revenue / incomethat's included in your total. And include all of theamounts in a specific item. For example, property taxes, ifmore than one amount makes up that total show each amount inparenthesis (10,000,000 - 3,500,000 + 8,000,000). Do thesame for Expenditure items. Excess of Revenues over(under) Expenditures 10,509,000, Net Change in FB $6,856,000, andFB 12/31/09 $10,394,000