Homework Answers
|
Statement of revenue & Expenditure |
|||
|
Expenditure |
Amount |
Revenue |
Amount |
|
General Government |
2250000 |
Property Taxes |
6000000 |
|
public safety |
1130000 |
Licence & Permits |
750000 |
|
Judicial System |
600000 |
State Grants |
150000 |
|
Health |
900000 |
Collection of inter fund advance |
80000 |
|
Equipment Purchase |
370000 |
Proceeds from sale |
40000 |
|
Payment to debt service fund |
570000 |
||
|
Excess of Income over Expense |
1200000 |
||
|
7020000 |
7020000 |
||
|
Changes in fund Balance From 1-7-2010 to 30-06-2011 |
|||
|
Opening Balance as on 1st July 2010 |
1200000 |
||
|
Revenue during the period |
|||
|
Property Taxes |
6000000 |
||
|
Licence & Permits |
750000 |
||
|
State Grants |
150000 |
||
|
Collection of inter fund advance |
80000 |
||
|
Proceeds from sale |
40000 |
||
|
7020000 |
|||
|
Expenditure |
|||
|
General Government |
-2250000 |
||
|
public safety |
-1130000 |
||
|
Judicial System |
-600000 |
||
|
Health |
-900000 |
||
|
Equipment Purchase |
-370000 |
||
|
Payment to debt service fund |
-570000 |
||
|
-5820000 |
|||
|
Closing Balance as on 30 June 2011 |
2400000 |
||
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Government Financial Statements The following information regarding the fiscal year ended June 30, 2011, was drawn...
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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...
The following General Fund information is available for the preparation of the financial statements for the...
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...
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...
excel file not actually provided 3-15. The City of Grafton's records reflected the following budget and...
excel file not actually provided
3-15. The City of Grafton's records reflected the following budget and actual data for the General Fund for the fiscal year ended June 30, 2017. 1. Estimated revenues: Taxes (Property) $3,213,000 Licenses and permits 790,000 Intergovernmental revenues 310,000 Miscellaneous revenues 200,000 2. Revenues: Taxes (Property) $3,216,000 Licenses and permits 792,000 Intergovernmental revenues 299,000 Miscellaneous revenues 195,000 3. Appropriations: General government $ 920,000 Public safety 2,090,000 Health and welfare 1,400,000 4. Expenditures: General government $ 880,000...
Following is the information concerning operating activity for Annette County. For the year ended June 30,...
Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the net change in total governmental fund balances was $(290,700), and the change in net position of governmental activities was $(423,600). During the year, Annette issued $2,150,000 in general obligation bonds at a premium of 102. The bonds are to be used for a construction project. The county acquired $2,900,000 in capital assets and sold capital assets with a book value of $570,500...
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...
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...
Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the ne...
Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the net change in total governmental fund balances was $(290,800), and the change in net position of governmental activities was S(403,800). During the year, Annette issued $2,160,000 in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $2,910,000 in capital assets and sold capital assets with a book value of $571,000...
Following is the information concerning operating activity for Annette County. For the year ended June 30,...
Following is the information concerning operating activity for Annette County. For the year ended June 30, the net change in total governmental fund balances was $(290 200), and the change in net position of governmental activities was $(393,600). During the year, Annette issued $2,100,000 in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $2,850,000 in capital assets and sold capital assets with a book value of $568,000...
Use the following to answer the next six questions: During the fiscal year ended December 31,...
Use the following to answer the next six questions: During the fiscal year ended December 31, 2017. the City of Johnstown issued 6% genera obligation serial bonds in the amount of $2.000.000 at 102 ($2.040,000) and used $1,980,000 of the proceeds to construct a fire station. The $40,000 premium was transferred to a debt service fund. The $20.000 left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds...
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...
excel file not actually provided
3-15. The City of Grafton's records reflected the following budget and actual data for the General Fund for the fiscal year ended June 30, 2017. 1. Estimated revenues: Taxes (Property) $3,213,000 Licenses and permits 790,000 Intergovernmental revenues 310,000 Miscellaneous revenues 200,000 2. Revenues: Taxes (Property) $3,216,000 Licenses and permits 792,000 Intergovernmental revenues 299,000 Miscellaneous revenues 195,000 3. Appropriations: General government $ 920,000 Public safety 2,090,000 Health and welfare 1,400,000 4. Expenditures: General government $ 880,000...
Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the net change in total governmental fund balances was $(290,700), and the change in net position of governmental activities was $(423,600). During the year, Annette issued $2,150,000 in general obligation bonds at a premium of 102. The bonds are to be used for a construction project. The county acquired $2,900,000 in capital assets and sold capital assets with a book value of $570,500...
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...
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...
Following is the information concerning operating activity for Annette County. For the year ended June 30, 2017, the net change in total governmental fund balances was $(290,800), and the change in net position of governmental activities was S(403,800). During the year, Annette issued $2,160,000 in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $2,910,000 in capital assets and sold capital assets with a book value of $571,000...
Following is the information concerning operating activity for Annette County. For the year ended June 30, the net change in total governmental fund balances was $(290 200), and the change in net position of governmental activities was $(393,600). During the year, Annette issued $2,100,000 in general obligation bonds at a premium of 101. The bonds are to be used for a construction project. The county acquired $2,850,000 in capital assets and sold capital assets with a book value of $568,000...
Use the following to answer the next six questions: During the fiscal year ended December 31, 2017. the City of Johnstown issued 6% genera obligation serial bonds in the amount of $2.000.000 at 102 ($2.040,000) and used $1,980,000 of the proceeds to construct a fire station. The $40,000 premium was transferred to a debt service fund. The $20.000 left in the capital projects fund at the end of the project was later transferred to the debt service fund. The bonds...
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