The following information regarding the fiscal year ended December 31, 2014, was drawn from the accounts and records of the Volendam County general fund:
Revenues and Other Asset Inflows |
|
Taxes | $10,000,000 |
Licenses and permits | 2,000,000 |
Intergovernmental grants | 300,000 |
Proceeds of short-term note issuances | 1,000,000 |
Collection of interfund advance to other fund | 450,000 |
Receipt of net position of terminated fund | 2,000,000 |
Expenditures and Other Asset Outflows |
|
General government expenditures | 8,000,000 |
Public safety expenditures | 1,500,000 |
Judicial system expenditures | 1,000,000 |
Health and welfare expenditures | 1,200,000 |
Equipment purchases | 600,000 |
Payment to debt service fund to cover future debt service on general government bonds | 320,000 |
Fund balance—unassigned, January 1, 2014 | $3,130,000 |
REQUIRED: Prepare a statement of revenues, expenditures, and changes in fund balance for the Volendam County general fund for the year ended December 31, 2014.
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