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what would be the budgetary fund balance?
The board of commissioners of the City of Hartmoore adopted a General Fund budget for the year ending June 30, 2017 that incl
Transaction Credit Debit 947,500 General Journal Appropriations control Appropriations - other financing uses - operating tra
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Answer #1

a.

Account Titles Debit Credit
Estimated Revenue Control $         11,37,500
Estimated Other financing Sources - Bond Proceeds $           5,80,000
     Appropriation Control $           9,47,500
     Appropriation - Other financing uses - Operations transfer out $           4,90,000
     Budgetary fund balance $           2,80,000

b.

Account Titles Debit Credit
Appropriation Control $           9,47,500
Appropriation - Other financing uses - Operations transfer out $           4,90,000
Budgetary fund balance $           2,80,000
      Estimated Revenue Control $         11,37,500
      Estimated Other financing Sources - Bond Proceeds $           5,80,000
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