Following are (a) a condensed summary of the General Fund budget adopted by the village of...

  

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Following are (a) a condensed summary of the General Fund budget adopted by the village of Croton- on-Hudson, New York for the fiscal year 2017-2018, and (b) the total assessed value of taxable proper- ties in the village. Prepare the journal entry to record the budget and compute the property tax rate per S1.000 of taxable assessed value. Estimated revenues and other sources Real property taxes .... Non-property taxes and other... $11,474,943 7,126,817 Total estimated revenues.. Appropriated previously accumulated fund balance. 18,601,760 425,000 Total estimated revenues and other sources $19,026,760 Appropriations Police department... All other departments and other.. Employee benefits Transfer to debt service fund.. $3,195,140 8,869,106 .... 4,536,121 2,426,393 ... .. $19,026,760 Total appropriations $44,615,183 Assessed value of taxable real property... Following are (a) a condensed summary of the General Fund budget adopted by the village of Croton- on-Hudson, New York for the fiscal year 2017-2018, and (b) the total assessed value of taxable proper- ties in the village. Prepare the journal entry to record the budget and compute the property tax rate per S1.000 of taxable assessed value. Estimated revenues and other sources Real property taxes .... Non-property taxes and other... $11,474,943 7,126,817 Total estimated revenues.. Appropriated previously accumulated fund balance. 18,601,760 425,000 Total estimated revenues and other sources $19,026,760 Appropriations Police department... All other departments and other.. Employee benefits Transfer to debt service fund.. $3,195,140 8,869,106 .... 4,536,121 2,426,393 ... .. $19,026,760 Total appropriations $44,615,183 Assessed value of taxable real property...

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Account Title Explanation Debit Credit Estimated Real Property Taxes 11474943 Estimated Non Propert... View the full answer