Reconstruct Budget Entry, Compute Fund Balance

The following information relates to actual and budgeted revenues, expenditures, and other financing uses for the general fund of the Borough of Carlisle, PA for 2019:

	Actual		Over (Under) Budget
Revenues
Taxes	$8,497,054		$294,040
Licenses and permits	597,215		(44,635)
Fees and fines	116,636		(53,564)
Investment earnings	166,610		133,870
Rents	87,145		25,095
Intergovernmental	858,440		38,750
Charges for services	288,045		36,435
Miscellaneous	452,008		(6,692)
Expenditures
General government	1,254,335		(1,640,982)
Public safety	5,428,941		(316,598)
Public works	1,387,747		(364,781)
Parks and recreation	966,568		(33,869)
Conservation and community development	96,925		(10,750)
Debt service	505,049		-
Other financing sources	555,720		(1,882,411)

Required

a. What budget entry was made at the beginning of 2019?

Description		Debit	Credit
Estimated revenues
Estimated other financing sources
AppropriationsEstimated other financing usesExpendituresFund balance - assignedFund balance - unassigned
AppropriationsEstimated other financing usesExpendituresFund balance - assignedFund balance - unassigned

b. The beginning-of-year fund balance before the budget entry was $8,490,698. What is the fund balance after year-end closing entries?

$Answer