Using your answers from the preceding problem and the following information, prepare a budget summary for the General Fund of Jeter Village for fiscal year 2013. Assume that the fund balance at the beginning of 2013 is $ 2,607,241.
1The Village has three departments:
Public Safety, Administration, Streets and Parkways.
2.Budgeted appropriations for the three departments for fiscal year 2013 are as follows:
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3.Budgeted nondepartmental items include a $ 1 million transfer to the Debt Service Fund and a $ 50,000 transfer to the Derek ParkFund.