The Budgetary Comparison Schedule for the City of Vienna appears below. Several items of information are missing
Question:
The Budgetary Comparison Schedule for the City of Vienna appears below.
Several items of information are missing (denoted with "?").
CITY OF VIENNA
Budgetary Comparison Schedule
General Fund
For the Year Ended December 31, 2017
Required:
a. Determine the missing amounts.
b. During the year, the City made a single budget revision. Prepare the journal entry to record that revision.
Transcribed Image Text:
Amounts Varlance Budgeted (Budgetary with Final Orlginal Basls) Budget Taxes Licenses Intergovernmental $6,500,000 $6,465,000 $6,480,000 15,000 (8,000) 230,000 225,000 1,200,000 1,200,000 1200,000 104,000 120,000 8,050,000 2,000 9,000 2,602,000 4,200,000 98,500 (15,000) 22,000 General Govenment 2,700,000 4,050,000 4,215,000 1,198,000 Health and Welfare Total Expenditures and Encumbrances 105,500 Net Change In Fund Balance Fund Balance-Beginning Fund Balance Ending 70,000 350,000 420,000 (20,000) 350,000 330,000 4,500 114,500 350,000 444,500 114,500
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Related Book For
Essentials of Accounting for Governmental and Not for Profit Organizations
ISBN: 978-1259741012
13th edition
Authors: Paul A. Copley
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