The following information regarding the fiscal year ended December 31, 2011, was drawn from the accounts and records of the Volendam County general fund:

Revenues and Other Asset Inflows

Taxes................. $10,000,000

Licenses and permits........... 2,000,000

Intergovernmental grants........... 300,000

Proceeds of short-term note issuances...... 1,000,000

Collection of interfund advance to other fund... 450,000

Receipt of net assets of terminated fund... 2,000,000

Expenditures and Other Asset Outflows

General government expenditures...... 8,000,000

Public safety expenditures......... 1,500,000

Judicial system expenditures........ 1,000,000

Health and welfare expenditures...... 1,200,000

Equipment purchases............ 600,000

Payment to debt service fund to cover future debt

service on general government bonds.... 320,000

Fund balance—unassigned, January 1, 2011.. $ 3,130,000

REQUIRED

Prepare a statement of revenues, expenditures, and changes in fund balance for the Volendam County general fund for the year ended December 31, 2011.