The following information regarding the fiscal year ended December 31, 2016, 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 position 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, 2016 ...................... $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, 2016.