Question

Greenville has provided the following information from its General Fund Revenues and Appropriations/Expenditure/Encumbrances subsidiary ledgers for the fiscal year ended. Assume the beginning fund balances are $143 (in thousands) and that the budget was not amended during the year City of Greenville General Fund Subsidiary Ledger Account Balances (in thousands) For the Fiscal Year Debits Credits Estimated Revenue Taxes Fines & Forfeits Intergovernmental Revenue Charges for Services 6,048 303 489 370 Revenues Taxes Fines & Forfeits Intergovernmental Revenue Charges for Services 6,061 308 489 366 Appropriations General Government Public Safety Public Works Culture & Recreation 1,630 3,375 1,457 724 Estimated Other Financing Uses Interfund Transfers Out 41 Expenditures General Government Public Safety Public Works Culture & Recreation 1,622 3,352 1,443 707 Encumbrances General Government Public Safety Public Works Culture & Recreation 2 1 13 other Financing Uses Interfund Transfers Out 39 Required a. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance b. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis)

Answer 1

te and changes (b) statement of Revenues Expen in fund balaneehe year Ended eemb- nount Revenues Taxes Fines andl Pfeies Sales tave Miscellenout Revenue To tal Revenuue Expendit use General Goment public Safety cattuse ar、d Recreation Total Expendktuxe 규0000 20,00,000 40C000 Sl00000 74良000 79 2000