Question

I need help figuring out what is missing in the chart?

The following information applies to the questions displayed below The following transactions occurred during the 2017 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation 1. The budget prepared for the fiscal year 2017 was as follows: Estimated Revenues: $1,943,000 Taxes Licenses and permits 372,000 Intergovernmental revenue 397,000 62,000 Miscellaneous revenues Total estimated revenues 2,774,000 Appropriations: General government Public safety 471,000 886,000 Public works 650,000 Health and welfare 600,000 Miscellaneous 86,000 Total appropriations 2,693,000 Budgeted increase in fund balance $ 81,000 2. Encumbrances issued against the appropriations during the year were as follows: General government Public safety Public works 58,000 250,000 392,000 160,000 Health and welfare Miscellaneous 71,000 $931,000 Total 3. The current year's tax levy of $2,005,000 was recorded; uncollectibles were estimated as $65,000. 4. Tax collections from prior years' levies totaled $132,000; collections of the current year's levy totaled $1,459,000. 5. Personnel costs during the year were charged to the following appropriations in the amounts indicated. Encumbrances were not recorded for personnel costs. Since no liabilities currently exist for withholdings, you may ignore any FICA or federal or state income tax withholdings. (Note: Expenditures charged to as General Government expenses in the governmental activities general Miscellaneous should be treated journal at the government-wide level.) General government Public safety Public works 411,000 635,000 254,000 439,000 Health and welfare Miscellaneous 11,100 Credit to Vouchers Payable $1,750,100 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14,470. Encumbrances had been recorded in the prior year for these items in the amount of $14,000. The amount chargeable to each year's appropriations should be charged to the Public Safety appropriation 7. Invoices were received and approved for payment for items ordered in documents recorded as S encumbrances in Transaction (2) of this problem. The following appropriations were affected Actual Estimated Liability 52,700 236,200 Liability 52,200 General government Public safety Public works 240,900 360,000 357,000 Health and safety 130,600 130,100 Miscellaneous 71,000 71,000 $850,500 $851,200 8. Revenue other than taxes collected during the year consisted of licenses and permits, $373,000; intergovernmental revenue, $400,000; and $66,000 of miscellaneous revenues. For purposes of accounting for these revenues at the government-wide level, the intergovernmental revenues were operating grants and contributions for the Public Safety function. Miscellaneous revenues are not identifiable with any function and therefore are recorded as General Revenues at the government-wide level. 9. Payments on Vouchers Payable totaled $2,505,000. Additional information follows: The General Fund Fund Balance-Unassigned account had a credit balance of $96,900 as of December 31, 2016; no entries have been made in the Fund Balance-Unassigned account during 2017. ANswer is not compiete. Appropriations/Encumbrances/Expenditures Ledger Expenditures Appropriations Encumbrances Available Transaction Account/Description Debit Credit Balance Debit Balance Credit Balance General Government 471,000 Budget Authorization 1 471,000 58,000 2 58,000 413.000 Encumbrances issued 5 Payroll 411,000 411,000 2,000 Invoices approved for payment 52,200 5,800 54,200 7 Public Safety 886,000 Budget Authorization 886,000 1 250,000 2 Encumbrances issued 250,000 636,000 635,000 5 1,000 Payroll 635,000 6 Invoices for items ordered Invoices approved for payment 7 240,900 9,100 241.900 Public Works 650,000 Budget Authorization 1 650,000 392,000 2 Encumbrances issued 392,000 258,000 254,000 Payroll 5 254,000 4,000 Invoices approved for payment 357,000 7 35,000 361,000 Health and Welfare Budget Authorization 600,000 600,000 1 160,000 2 160.000 440,000 Encumbrances issued 439,000 5 Payroll 1,000 439,000 Invoices approved for payment 130,100 29,900 131,100 7 Miscellaneous 86,000 1 Budget Authorization 86,000 71,000 2 Encumbrances issued 71,000 15,000 Payroll 11.100 11.100 3.900 5 Invoices approved for 71 000 74 900 7

Answer 1

		Encumbrances			Expenditures		Appropriations
transaction	Account/description	Debit	credit	balance	Debit	balance	Credit	Available balance
	General government
1	Budget authorization						471000	471000
2	Encumbrances issued	58000		58000				413000
5	Payroll				411000	411000		2000
7	Invoices approved for payment		52200	5800	52700	463700		1500
	Public safety
1	Budget authorization						886000	886000
2	Encumbrances issued	250000		250000				636000
5	Payroll				635000	635000		1000
6	Invoices for items ordered				470	635470		530
7	Invoices approved for payment		240900	9100	236200	871670		5230
	Public works
1	Budget authorization						650000	650000
2	Encumbrances issued	392000		392000				258000
5	Payroll				254000	254000		4000
7	Invoices approved for payment		357000	35000	360000	614000		1000
	Health and Welfare
1	Budget authorization						600000	600000
2	Encumbrances issued	160000		160000				440000
5	Payroll				439000	439000		1000
7	Invoices approved for payment		130100	29900	130600	569600		500
	Miscellaneous
1	Budget authorization						86000	86000
2	Encumbrances issued	71000		71000				15000
5	Payroll				11100	11100		3900
7	Invoices approved for payment		71000	0	71000	82100		3900

14470-14000 = 470