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Budgetary entries The City of Albany, New York (population estimate 98,000) adopted the following General Fund budget for fis
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Journal entry to record the budget transaction:

1) Appropriations Police Department Dr. $53575129

Fire and Emergency Services Dr. $32650289

All Other Dr. $90757385

To Property Tax $ 57700000

To Sales Tax $ 34111580

To All Other $ 85171223

( Being a recording of estimate revenue and estimated expenses for the general fund budget.)

2) Appropriations Police Department Dr. $1250000

To General Fund Budget Deficit $ 1250000

(Being Estimated expense is recognized)

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