Sleepy Hollows General Fund budget for fiscal 2013 is based on the following estimated revenues and appropriations.

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Sleepy Hollow€™s General Fund budget for fiscal 2013 is based on the following estimated revenues and appropriations. Is Sleepy Hollow projecting a budgetary surplus or a deficit for 2013? Prepare the journal entry to record the 2013budget.

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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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Question Posted: Dec 30, 2014 04:48 AM

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Sleepy Hollows General Fund budget for fiscal 2013 is based on the following estimated revenues and appropriations.

Question:

Estimated Revenue Appropriations $2000,000 Administration Property taxes Sales taxes Licenses and permits Fines and forfeits Public safety Streets Parks and recreation 425,000 1,500,000 630,000 367,000 120,000 8,500

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Total estimated revenues 2000000 720000 120000 8500 2848500 ...View the full answer

Introduction to Governmental and Not for Profit Accounting

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