# Question

Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the Broadus County Courthouse Bonds Debt Service Fund for 20X6, given the following information:
Fund balance, January 1, 20X6 . . . . . . . . . . . . . . . . . . . . . \$1,500,000
Interest revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000
Decrease in fair value of investments . . . . . . . . . . . . . . . 5,000
Bond principal retirement . . . . . . . . . . . . . . . . . . . . . . . . . 5,000,000
Bond interest matured and paid . . . . . . . . . . . . . . . . . . . . 1,200,000
Fiscal agent fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,000
Property tax revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,065,000
Transfer from General Fund . . . . . . . . . . . . . . . . . . . . . . . 5,250,000
The next debt service payment is the semiannual interest payment that matures on March 31, 20X7. The county plans to meet that payment with dedicated resources already in the Debt Service Fund at December 31, 20X6.

Sales2
Views117
• CreatedOctober 25, 2014
• Files Included