The Budgetary Comparison Schedule for the City of Vienna appears below. Several items of information are missing (denoted with “?”).

Required:

a. Determine the missing amounts.

b. During the year, the City made a single budget revision. Prepare the journal entry to record that revision.

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CITY OF VIENNA Budgetary Comparison Schedule General Fund For the Year Ended December 31, 2020 Actual Variance Amounts (Budgetary Basis) Budgeted with Final Final Budget Original Revenues: $6,465,000 $6,480,000 $ 15,000 $6,500,000 Taxes 225.000 (5,000) Licenses 230,000 1,200,000 1,200.000 Intergovernmental 1,200.000 120,000 104,000 2,000 Miscellancous 12,000 Total revenues 8,050,000 Expenditures and Encumbrances: 2,700,000 2,602,000 98,500 General Government Public Safety 4,050,000 4,200,000 4,215,000 (15,000) Health and Welfare 1,198,000 22,000 Total expenditures and 105,500 encumbrances 70,000 (23,000) 94,500 117,500 Net Change in Fund Balance Fund Balance-Beginning Fund Balance-Ending 350,000 $ 444,500 350,000 350,000 $ 420,000 $ 327,000 $117,500