1. The following information is provided about the Towns General Fund operating statement and budgetary accounts for the fiscal year ended June 30, 2017. (Note: The Town has no restricted, committed, or assigned fund balances.)

Estimated revenues $3,150,000

Revenues 3,190,000

Appropriations 3,185,000

Expenditures 3,175,000

Fund BalanceUnassigned at the beginning of year had a $600,000 credit balance. The Budgetary Fund Balance (after the FY 2017 budget was recorded) had a $35,000 debit balance.

Required

Calculate the end-of-year balances for the Fund BalanceUnassigned and Budgetary Fund Balance accounts that would be reported on the towns balance sheet prepared as of June 30, 2017.

3. The following is a preclosing trial balance for the Citys General Fund as of June 30, 2017

	Debits	Credits
Cash	$116,500
Taxes ReceivableCurrent	29,000
Allowance for Uncollectible Current Taxes		$3,000
Accounts Payable		7,800
Due to Other Funds		5,500
Tax Anticipation Notes Payable		50,000
Fund BalanceUnassigned		70,200
Budgetary Fund Balance		1,000
Estimated Revenues	100,000
Revenues		102,000
Appropriations		99,000
Expenditures	93,000
Totals	$338,500	$338,500

What is the fund balance as of June 30, 2017, after all closing entries have been made?