CITY OF Grafton Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual: General Fund (Non-GAAP Budgetary Basis) For The Year Ended December 31, 2020 Budgeted Amounts REVENUES Original Final Actual Amounts Budgetary Basis Variance with Final Budget Property Taxes $ - Licenses and permits - Intergovernmental - Miscellaneous - TOTAL REVENUES - - - - EXPENDITURES AND ENCUMBRANCES Current General Government - Public Safety - Health and Welfare - TOTAL EXPENDITURES - - - - REVENUES OVER (UNDER) EXPENDITURES - - - - OTHER FINANCING SOURCES (USES): Transfers (to) other funds - TOTAL OTHER FINANCING SOURCES (USES) - - - - Excess of revenues and other sources over (under) expenditures and other uses - - - - FUND BALANCE - Beginning of Year - FUND BALANCE - End of Year $ - - - $ - 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 30,2020:1. Estimated revenues:Таxes (property)$3,218,000Licenses and permits790,000Intergovernmental revenues310,000Miscellaneous revenues200,0002. Revenues:Таxes (property)$3,215,500Licenses and permits792,000Intergovernmental revenues299,000Miscellaneous revenues212,0003. Appropriations:General government $920,000Public safety2,090,000Health and welfare1,400,000 4. Expenditures:General government $ 878,000Public safety2,005,000Health and welfare1,398,0005. Encumbrances outstanding as of June 30, 2019:General government $33,000Public safety82,0006. Transfer to debt service fund:Page 81Budget $120,000Actual120,0007. Budget revisions approved by the city council:Estimated revenues:Decrease intergovernmental revenues $10,000Increase miscellaneous revenues3,000Appropriations:Decrease general government2,0008. Total fund balance at July 1, 2019, was $695,000.

A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

CITY OF Grafton Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual: General Fund (Non-GAAP Budgetary Basis) For The Year Ended December 31, 2020 Budgeted Amounts REVENUES Original Final Actual Amounts Budgetary Basis Variance with Final Budget Property Taxes $ - Licenses and permits - Intergovernmental - Miscellaneous - TOTAL REVENUES - - - - EXPENDITURES AND ENCUMBRANCES Current General Government - Public Safety - Health and Welfare - TOTAL EXPENDITURES - - - - REVENUES OVER (UNDER) EXPENDITURES - - - - OTHER FINANCING SOURCES (USES): Transfers (to) other funds - TOTAL OTHER FINANCING SOURCES (USES) - - - - Excess of revenues and other sources over (under) expenditures and other uses - - - - FUND BALANCE - Beginning of Year - FUND BALANCE - End of Year $ -

CITY OF Grafton Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual: General Fund (Non-GAAP Budgetary Basis) For The Year Ended December 31, 2020 Budgeted Amounts REVENUES Original Final Actual Amounts Budgetary Basis Variance with Final Budget Property Taxes $ - Licenses and permits - Intergovernmental - Miscellaneous - TOTAL REVENUES - - - - EXPENDITURES AND ENCUMBRANCES Current General Government - Public Safety - Health and Welfare - TOTAL EXPENDITURES - - - - REVENUES OVER (UNDER) EXPENDITURES - - - - OTHER FINANCING SOURCES (USES): Transfers (to) other funds - TOTAL OTHER FINANCING SOURCES (USES) - - - - Excess of revenues and other sources over (under) expenditures and other uses - - - - FUND BALANCE - Beginning of Year - FUND BALANCE - End of Year $ -

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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CITY OF Grafton
Schedule of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual: General Fund	(Non-GAAP Budgetary Basis)
For The Year Ended December 31, 2020
	Budgeted Amounts
REVENUES	Original	Final	Actual Amounts Budgetary Basis	Variance with Final Budget
Property Taxes				$ -
Licenses and permits				-
Intergovernmental				-
Miscellaneous				-
TOTAL REVENUES	-	-	-	-

EXPENDITURES AND ENCUMBRANCES
Current
General Government				-
Public Safety				-
Health and Welfare				-
TOTAL EXPENDITURES	-	-	-	-

REVENUES OVER (UNDER) EXPENDITURES	-	-	-	-
OTHER FINANCING SOURCES (USES):
Transfers (to) other funds				-
TOTAL OTHER FINANCING SOURCES (USES)	-	-	-	-
Excess of revenues and other sources over
(under) expenditures and other uses	-	-	-	-
FUND BALANCE - Beginning of Year				-
FUND BALANCE - End of Year	$ -	-	-	$ -