1.Using the following data, statement of revenues, expenditures, and changes in fund balance for the General Fund of Reiver County for the year ended December 31, 2019.

Property tax revenue$2,000,000

Welfare program expenditures860,000

Fines & penalties120,000

Miscellaneous revenue68,000

Public safety expenditures260,000

Transfers to other funds150,000

Highway & roads expenditures400,000

Transfers from other funds100,000

Charges for services50,000

Education program expenditures280,000

Fund balance at beginning of year990,000

State & federal grants400,000

2.Using the following data, 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, 2019.

Depreciation$300,000

Personal services expense1,500,000

Charges for services3,000,000

Contractual services expense200,000

Investment income50,000

Miscellaneous income50,000

Interest expense80,000

Beginning year net assets870,000

Materials & supplies expense175,000