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2: Debt service fund financial statement The information below pertains to the debt service fund for the Village of Greenville for the year ended December
2: Debt service fund financial statement The information below pertains to the debt service fund for the Village of Greenville for the year ended December 31, 2021: Fund balance restricted at December 31, 2020 $ 52,500 Property tax levy for 2021 to service general obligation bonds Estimated revenue from property taxes in the debt service fund budget for 2021 83,500 82,000 Property taxes collected during 2021 79,000 Property taxes expected to be collected from 1/1/22 to 3/1/22 3,000 Investment in U.S. treasury bills as of 12/31/21 51,000 Cash at 12/31/21 ? Matured interest paid during 2021 45,000 Matured bond principal paid during 2021 30,000 Interest income from treasury bills for 2021 (includes $300 of accrued interest that will be received in February, 2022) 2,500 Fiscal fees incurred during 2021 4,000 Fiscal fees paid during 2021 3,000 Accrued but unmatured interest on bonds at 12/31/21 6,000 Bond principal that will mature in April, 2022 20,000 Transfer in from a terminated capital projects fund during 2021 8,000 Required: Prepare the balance sheet for the debt service fund as of December 31, 2021. Problem 2: $
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