Required a. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance. b. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis).
Required a. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance. b. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![subsidiary ledgers for the fiscal year ended. Assume the beginning fund balances are $140 (in thousands) and that the budget was not
amended during the year.
Subsidiary Ledger Account Balances (in thousands)
For the Fiscal Year
Estimated Revenue
Taxes
Fines & Forfeits
City of Greenville
General Fund
Intergovernmental Revenue
Charges for Services
Revenues
Taxes
Fines & Forfeits
Intergovernmental Revenue
Charges for Services
Appropriations
General Government
Public Safety
Public Works
Culture & Recreation
Estimated Other Financing Uses
Interfund Transfers Out
Expenditures
General Government
Public Safety
Public Works
Culture & Recreation
Encumbrances
General Government
Public Safety
Public Works
D
Culture & Recreation
Other Financing Uses
Interfund Transfers Out
Debits
6,048
303
484
370
1,622
3,347
1,443
703
1
26
10
0
36
Credits
6,054
308
484
368
1,625
3,375
1,454
724
36
Required
a. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance.
b. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget
is prepared on a GAAP basis).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd873962b-95f0-419e-bacc-20f9f21269c7%2F9baf021f-96b6-4507-99e8-f0c57370293b%2Fjvbrm56k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:subsidiary ledgers for the fiscal year ended. Assume the beginning fund balances are $140 (in thousands) and that the budget was not
amended during the year.
Subsidiary Ledger Account Balances (in thousands)
For the Fiscal Year
Estimated Revenue
Taxes
Fines & Forfeits
City of Greenville
General Fund
Intergovernmental Revenue
Charges for Services
Revenues
Taxes
Fines & Forfeits
Intergovernmental Revenue
Charges for Services
Appropriations
General Government
Public Safety
Public Works
Culture & Recreation
Estimated Other Financing Uses
Interfund Transfers Out
Expenditures
General Government
Public Safety
Public Works
Culture & Recreation
Encumbrances
General Government
Public Safety
Public Works
D
Culture & Recreation
Other Financing Uses
Interfund Transfers Out
Debits
6,048
303
484
370
1,622
3,347
1,443
703
1
26
10
0
36
Credits
6,054
308
484
368
1,625
3,375
1,454
724
36
Required
a. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance.
b. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget
is prepared on a GAAP basis).
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