(Budgeting nondepartmental expenditures and interfund transfers)

From the following data, prepare a nondepartmental expenditure and interfund transfer request for Bacchus City for fiscal year 2005.

Object of Prior-Year Current-Year Jan—Sept. Oct —Dec.
Code Expenditure Actual Budget Actua Est. Act.
710 Liability insurance $ 15,435 $ 16,500 $ 12,285 § 4,000 815 Advertising 550 600 454 100 830 Legal services 10,000 10,000 8,500 1,000 840 Audit fees 9,000 10,000 a 9,600 910 Transfer to Debt 715,000 900,000 450,000 450,000 Service Fund 915 Transfer to Venus 52,000 60,000 30,000 30,000 Park Fund Additional information:
1. Because of the new streets, the City is increasing the amount of its insurance coverage. The 2005 premium is expected to amount to $20,000.
2. The cost of advertising, legal services, and the annual audit are expected to be 10 percent higher than the amount budgeted for 2004. The 2005 budget should be adjusted accordingly.
3. In 2005, the General Fund will make a transfer of $1 million to a Debt Service Fund, and $50,000 to the Venus Park Fund.

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Code Object of Expenditure Prior-Year Actual Current-Year Budget Jan.-Sept. Actual Oct.-Dec. Est. Act. 710 Liability insurance $ 15,435 $ 16,500 $ 12,285 $ 4,000 815 Advertising 550 600 454 100 830 Legal services 10,000 10,000 8,500 1,000 840 Audit fees 9,000 10,000 9,600 910 Transfer to Debt 715,000 900,000 450,000 450,000 Service Fund 915 Transfer to Venus 52,000 60,000 30,000 30,000 Park Fund