Answer- City of Eastern Shores
General Fund Statements of Revenues, Expenditures and Changes in Fund Balances Year Ended September 30, 2017
Particulars | Amount($) | Amount($) |
Revenues :- | ||
Property Taxes | 27,020,000 | |
Sales Taxes | 13,316,000 | |
Fees and Fines | 1,324,000 | |
Licenses and Permits | 1,721,000 | |
Inter Governmental | 2,368,000 | |
Investment Earnings | 654,000 | |
Total Revenues (A) | 46,403000 | 46,403,000 |
Expenditures :- | ||
Current :- | ||
General Government | 11,725,000 | |
Public Safety | 24,444,000 | |
Public Works | 6,211,000 | |
Health and Sanitation | 1,163,000 | |
Culture and Recreation | 2,154,000 | |
Total Expenditures (B) | 45,697,000 | 45,697000 |
Excess of Revenue over Expenditure (C) = (A-B) | 706,000 | |
Less : Transfer to Special Revenue Fund | (1,119,000) | |
Add : Special Item - Proceeds from Sale of Land | 821,000 | |
Net Change in Fund Balance | 408,000 | |
Add : Fund Balance, Oct. 1, 2016 | 1,812,000 | |
Fund Balance, Sep. 30, 2017 | 2,220,000 |
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2-9. The following General Fund information is available for the preparation of the financial statements for...
2-9. The following General Fund information is available for the preparation of the financial statements for the city of Eastern Shores for the year ended September 30, 2017: Revenues: Property taxes Sales taxes Fees and fines $27,020,000 13,316,000 1,324,000 1.721,000 2,368,000 654,000 Licenses and permits Intergovernmental Investment earnings Expenditures: Current: General government Public safety Public Works Health and sanitation Culture and recreation Transfer to capital project fund Special item-proceeds from sale of land Fund balance, October 1, 2016 11,725,000 24,444,000...
The following General Fund information is available for the preparation of the financial statements for the City of Eastern Shores for the year ended September 30, 2017: Revenues: Property taxes $ 27,022,000 Sales taxes 13,319,000 Fees and fines 1,327,000 Licenses and permits 1,724,000 Intergovernmental 2,370,000 Investment earnings 658,000 Expenditures: Current: General government 11,727,000 Public safety 24,446,000 Public works 6,213,000 Health and sanitation 1,166,000 Culture and recreation 2,157,000 Transfer to capital project fund 1,123,000 Special item—proceeds from sale of land 825,000...
The following General Fund information is available for the preparation of the financial statements for the City year ended September 30, 2020: $27,300,000 13,433,000 1,442,000 1,840,000 2,485,000 771,000 Revenues: Property taxes Sales taxes Fees and fines Licenses and permits Intergovernmental Investment earnings Expenditures: Current: General government Public safety Public works Health and sanitation Culture and recreation Transfer to capital project fund Special item-proceeds from sale of land Fund balance, October 1, 2019 11,753,000 24,473,000 6,241,000 1,193,000 2,185,000 1,149,000 853,000 1,841,000...
The following General Fund information is available for the preparation of the financial statements for the City of Pine Cove for the year ended December 31, 2017 Revenues: Property taxes $26,400,000 Sales taxes 10,150,000 Fines and forfeits 1,320,000 Licenses and permits 2,160,000 Intergovernmental 890,000 Investment earnings 660,000 Expenditures: Current: General government 8,200,000 Public safety 21,000,000 Public works 6,300,000 Health and sanitation 1,200,000 Culture and recreation 12,160,000 Other: Encumbrances 100,000 Appropriations 40,000,000 Estimated Revenues 42,000,000 Transfer to debt service fund 1,130,000...
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Part A: Johnson City adopted the following General Fund budget for fiscal year 2017: Estimated revenues: Taxes $ 15,000,000 Intergovernmental revenues 1,000,000 Licenses and permits 400,000 Fines and forfeits 150,000 Miscellaneous revenues 100,000 Total estimated revenues $ 16,650,000 Appropriations: General government $ 8,000,000 Public safety 6,000,000 Public works 1,550,000 Health and welfare 950,000 Miscellaneous 100,000 Total appropriations $ 16,600,000 Required Prepare the general journal entries to record the adopted budget at the beginning of FY 2017
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