Following is the December 31, 2013, trial balance for Radnor Citys General Fund. Based on this information,
Question:
Following is the December 31, 2013, trial balance for Radnor City’s General Fund. Based on this information, prepare (a) a statement of revenues, expenditures, and changes in fund balance, (b) a balance sheet, and (c) a budgetary comparison schedule. Classify the fund balance as Unassigned. Then, examine the budgetary comparison schedule, and write a short paragraph explaining the results of the year’s operations in relation to thebudget.
Transcribed Image Text:
Account Estimated revenues property taxes Estimated revenues-intergovernmenta Estimated revenues-licenses and fees Estimated revenues-fines Budgetary fund balance Appropriations-general government Appropriations-parks and recreation Appropriations-public safety Appropriations-social services Expenditures -public safety Expenditures-general government Expenditures-parks and recreation Expenditures-social services Cash Pioper ly laxe eceivble Tax anticipation notes payable Accrued interest payable Revenuespropertv taxes Revenues-intergovernmental Revenues licenses and fees Revenues-fines Fund balance Vouchers payable 500,000 50,000 100,000 10,000 159,000 175,000 446,000 30,000 441,000 150,500 170,500 27,000 35,600 10,000 497,000 154,000 99,000 48,000 62,000 21,000 $1,701,800 $1,701,800
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Radnor City General Fund Statement of Revenues Expenditures and Changes in Fund Balance For the Year Ended December 31 2013 Revenues Property taxes 49...View the full answer
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Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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