The Budgetary Comparison Schedule for the City of Vienna appears below. Several items of information are missing
Question:
Required:
a. Determine the missing amounts.
b. During the year, the City made a single budget revision. Prepare the journal entry to record thatrevision.
Transcribed Image Text:
CITY OF VIENNA Budgetary Comparison Schedule General Fund For the Year Ended December 31, 2012 Actual Variance with Amounts Final Budget Budgeted Amountsgetary Positive Original Final Basis) $3.400,000 500,000 (Negative) Revenues: Taxes Licenses Intergovernmental Miscellaneous $3,200,000 900,000 500,000 100,000 4,700,000 $100,000 (2,000) 900,000 500,000 104,000 1,000 99,000 Total revenues Expenditures and encumbrances General government Parks Health and welfare 925,000 2,500,000 2,500,000 2,400,000 1,200,000 1,204,000 15,000 100,000 54,000 Total expenditures and encumbrances Net change in fund balance Fund balance- beginning Fund balance ending 50,000 332,000 382,000 160,000 350,000 $510,000 428,000 350,000 5778,000 169,000 268,000 0 $268,000
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Related Book For
Essentials of Accounting for Governmental and Not-for-Profit Organizations
ISBN: 978-0073527055
10th Edition
Authors: Paul A. Copley
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