At the end of the preceding year, the General Fund of the Atlas Township School Board had
Question:
At the end of the preceding year, the General Fund of the Atlas Township School Board had a fund balance of $ 800,000. General Fund revenues and expenditures for the current year are expected to be as shown here. Determine the projected year- end fund balance for thisfund.
Transcribed Image Text:
Year-to-Date Actual Remainder of Year Estimated Revenues Property taxes Out-of-township tuition Share of lottery receipts State grants 1,250,000 50,000 100,000 500,000 500,000 20,000 50,000 Expenditures alaries Fringe benefits Operating expenses Equipment Transportation Debt service s 875,000 90,000 588,000 110,000 15,000 00,000 $450,000 40,000 240,000 50,000 10,000 100,000
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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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