1. Use the Smithville_GL_General Fund, Smithville_Revenues Ledger_General Fund.

a. Balance sheet for the General Fund as of December 31, 2020.

b. Statement of revenues, expenditures, and changes in fund balance for the General Fund for the year ended December 31, 2020.

c. Schedule of revenues, expenditures, and changes in fund balance—budget and actual for the General Fund for the year ended December 31, 2020.

Transcribed Image Text:

Appropriations Ledger City of Smithville 1- General Funa Exp. Dr(Cr) Exp. Balance Enc. Enc. Decrease Enc. Balance Approp. Cr(Dr) Balance Ref Account Description Increase Cr(Dr) Appropriations-General Government 102 Budgetauthorizstion 1,169,500 1,169,500 104 Purchase orders 193,220 193,220 976,280 105 Payroll 956,254 956,254 20,026 105 Elimination 191,720 1,500 211,746 106 Goods received 191,709 1.147,963 20,037 108 Utilities and other 18,200 1,166, 163 1,837 109 Closing Entry (1,169,500) (1,167,663) Closing Entry (1,166, 163) (1,500) 109 Appropriations-Public Safety 102 Budgetauthorization 2,206,000 2,206,000 104 Purchase orders 442,900 442,900 1,763,100 105 Payroll 1,771,480 1,771,480 (8,380) 105 Elimination 442,900 434,520 106 Goods received 442,870 2,214,350 (8,350) 108 Budgetamendment 10,000 1,650 109 Closing Entry (2,216,000) (2,214,350) 109 Closing Entry (2,214,350) Appropriations-Public Works 102 Budgetauthorization 834,000 834,000 104 Purchase orders 208,300 208,300 625,700 105 Payroll 624,960 624,960 740 105 Elimination 208,300 209,040 106 Goods received 208,320 833,280 720 Closing Entry (834,000) (833,280) 109 109 Closing Entry (833,280) Appropriations-Health and Welfare 102 Budgetauthorizstion 700,000 700,000 104 Purchase orders 154,295 154,295 545,705 105 Payroll 545,370 545,370 335 105 Elimination 153,800 495 154,135 106 Goods received 153,822 699, 192 313 of Appropriations Ledge Prepared by: Full Version Smithville Solution Page 1 of 2 Appropriations Ledger City of Smithville 1- General Funa Exp. Dr(Cr) Exp. Balance Enc. Enc. Decrease Enc. Balance Approp. Cr(Dr) Balance Ref Account Description Increase Cr(Dr) Appropriations-General Government 102 Budgetauthorizstion 1,169,500 1,169,500 104 Purchase orders 193,220 193,220 976,280 105 Payroll 956,254 956,254 20,026 105 Elimination 191,720 1,500 211,746 106 Goods received 191,709 1.147,963 20,037 108 Utilities and other 18,200 1,166, 163 1,837 109 Closing Entry (1,169,500) (1,167,663) Closing Entry (1,166, 163) (1,500) 109 Appropriations-Public Safety 102 Budgetauthorization 2,206,000 2,206,000 104 Purchase orders 442,900 442,900 1,763,100 105 Payroll 1,771,480 1,771,480 (8,380) 105 Elimination 442,900 434,520 106 Goods received 442,870 2,214,350 (8,350) 108 Budgetamendment 10,000 1,650 109 Closing Entry (2,216,000) (2,214,350) 109 Closing Entry (2,214,350) Appropriations-Public Works 102 Budgetauthorization 834,000 834,000 104 Purchase orders 208,300 208,300 625,700 105 Payroll 624,960 624,960 740 105 Elimination 208,300 209,040 106 Goods received 208,320 833,280 720 Closing Entry (834,000) (833,280) 109 109 Closing Entry (833,280) Appropriations-Health and Welfare 102 Budgetauthorizstion 700,000 700,000 104 Purchase orders 154,295 154,295 545,705 105 Payroll 545,370 545,370 335 105 Elimination 153,800 495 154,135 106 Goods received 153,822 699, 192 313 of Appropriations Ledge Prepared by: Full Version Smithville Solution Page 1 of 2