Question: Show transcribed image text Complete this question by entering your answers in the tabs below. Required A Required B Prepare a General Fund schedule of


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Complete this question by entering your answers in the tabs below. Required A Required B Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis). (Enter your answers in thousands. Input all amounts as positive values.) CITY OF GREENVILLE General Fund Schedule of Revenues, Expenditures, and Changes in Fund BalancesBudget and Actual For the Fiscal Year (Amounts in Thousands) Budgeted Amounts Actual Amounts Original Final Budget Basis Variance with Final Budget Over (Under) Revenues $ 7 Taxes Fines and Forfeits OOOO 6,048$ 303 482 370 6,048$ 303 482 370 6,055 $ 308 482 367 5 0 Intergovernmental Revenue Charges for Services (3) 0 7,203 7,203 7,212 9 (10) (29) Total Revenues Expenditures and Encumbrances General Government Public Safety Public Works Culture and Recreation Encumbrances Total Expenditures Excess of Revenue Over Expenditures Other Financing Sources and (Uses) Interfund Transfers Out OOOO 1,632 3,375 1,452 724 0 7,183 1,632 3,375 1,452 724 0 7,183 1,622 > 3,346 X 1,443 X 702 43 X 7,156 (9) (22) 43 (27) 0 (35) (35) X (35) X 0 0 (35) (35) (35) 0 0 Excess (Deficiency) of Revenues over expenditures and other financing sources Increase in Encumbrances outstanding Increase in Fund Balances for the Year Fund Balances, January 1 Fund Balances, December 31 (35) (35) (35) 0 0 $ (35) $ (35) $ (35) $ 0 Greenville has provided the following information from its General Fund Revenues and Appropriations/Expenditure/Encumbrances subsidiary ledgers for the fiscal year ended. Assume the beginning fund balances are $139 (in thousands) and that the budget was not amended during the year. City of Greenville General Fund Subsidiary Ledger Account Balances (in thousands) For the Fiscal Year Debits Credits Estimated Revenue Taxes 6,048 Fines & Forfeits 303 Intergovernmental Revenue 482 Charges for Services 370 Revenues Taxes 6,055 Fines & Forfeits 308 Intergovernmental Revenue 482 Charges for Services 367 Appropriations General Government 1,632 Public Safety 3,375 Public Works 1,452 Culture & Recreation 724 Estimated Other Financing Uses Interfund Transfers Out 35 Expenditures General Government 1,622 Public Safety 3,346 Public Works 1,443 Culture & Recreation 702 Encumbrances General Government 9 Public Safety 27 Public Works 7 Culture & Recreation 0 Other Financing Uses Interfund Transfers Out 35 Required a. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance. b. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis)
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