1. Using the following data, prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of Reiver County for the year ended December 31, 2014.

Property tax revenue $2,000,000 Welfare program expenditures 860,000 Fines & penalties 120,000 Miscellaneous revenue 68,000 Public safety expenditures 260,000 Transfers to other funds 150,000 Highway & roads expenditures 400,000 Transfers from other funds 100,000 Charges for services 50,000 Education program expenditures 280,000 Fund balance at beginning of year 990,000 State & federal grants 400,000

2. Using the following data, prepare a statement of revenues, expenses, and changes in fund net assets for the utility services Reiver County provides in an Enterprise Fund for the year ended December 31, 2014.

Depreciation $ 300,000 Personal services expense 1,500,000 Charges for services 3,000,000 Contractual services expense 200,000 Investment income 50,000 Miscellaneous income 50,000 Interest expense 80,000 Beginning year net assets 870,000 Materials & supplies expense 175,000