Prepare, in good form, the 20X9 GAAP-based Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund of Hicks Township, based on the following information:

Property tax revenues . . . . . . . . . . . . . . . . . . . . . . . . . . .$13,000,000

Licenses and permits . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800,000

Intergovernmental grants . . . . . . . . . . . . . . . . . . . . . . . . 2,500,000

Short-term note proceeds . . . . . . . . . . . . . . . . . . . . . . . . 775,000

General capital asset sale proceeds

(Equal to book value less 10%) . . . . . . . . . . . . . . . . . 523,000

Receipt of residual cash from

terminated Debt Service Fund #1 . . . . . . . . . . . . . . . . 90,000

Amount paid to Debt Service Fund #2

to cover principal and interest payments . . . . . . . . . . 100,000

General government expenditures . . . . . . . . . . . . . . . . . 800,000

Education expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . 10,250,000

Public safety expenditures . . . . . . . . . . . . . . . . . . . . . . . . 3,000,000

Highways and streets expenditures . . . . . . . . . . . . . . . . 2,460,000

Health and sanitation expenditures . . . . . . . . . . . . . . . . 920,000

Capital assets purchased . . . . . . . . . . . . . . . . . . . . . . . . . 1,200,000

Retirement of principal of long-term note . . . . . . . . . . 300,000

Interest payment on long-term note . . . . . . . . . . . . . . . . 30,000

Interest expenditures on short-term note . . . . . . . . . . . 68,000

Fund Balance, January 1, 20X9 . . . . . . . . . . . . . . . . . . . . 4,750,000