Required Prepare the year-end statement of revenues, expenditures, and changes in fund balances for the capital pr CHANCE COUNTY Woodland Park Capital Projects Fund Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year End Revenues Expenditures: Excess of Revenues Over (Under) Expenditures Other Financing Sources: 0
Required Prepare the year-end statement of revenues, expenditures, and changes in fund balances for the capital pr CHANCE COUNTY Woodland Park Capital Projects Fund Statement of Revenues, Expenditures, and Changes in Fund Balances For the Year End Revenues Expenditures: Excess of Revenues Over (Under) Expenditures Other Financing Sources: 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The year-end pre-closing trial balance for the Chance County Woodland Park Capital Projects Fund is provided below.
Cash
Grant Receivables
Debits
$ 921,000
Credits
Investments
Contract Payable
690,000
1,300,000
$1,493,000
Contract Payable Retained Percentage
Encumbrances Outstanding
Revenues
Encumbrances
71,000
1,850,000
797,000
1,850,000
Construction Expenditures
4,600,000
Other Financing Sources Proceeds of Bonds
5,150,000
$9,361,000 $9,361,000
Required
a. Prepare the year-end statement of revenues, expenditures, and changes in fund balances for the capital projects fund.
CHANCE COUNTY
Woodland Park Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balances
For the Year End
Revenues
Expenditures:
Excess of Revenues Over (Under) Expenditures
Other Financing Sources:
Excess of Revenues and Other Financing Sources/Uses Over
Expenditures
Fund Balances, Beginning
Fund Balances, Ending
0
0
$
0
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