Chapter 4, Problem 9P

Statement of Revenues, Expenditures, and Changes in Fund Balance) Using the following information, prepare the Statement of Revenues, Expenditures, and Changes in Fund Balance for the City of Greenleaf General Fund for the fiscal year ended December 31, 20X7.

1. 1. Fund Balance, January 1, 20X7, was $225,000.
2. 2. Revenues for 20X7 totaled $2,500,000, including:

Other revenues include $40,000 received from a Capital Projects Fund upon completion of the project and termination of the fund and a $65,000 routine annual transfer from the city’s Water Enterprise Fund.

1. 3. Expenditures for 20X7 totaled $2,600,000, including: