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2-9 The following General Fund information is available for the preparation of financial statements for the City of Eastern Shores for the year ended September
2-9 The following General Fund information is available for the preparation of financial statements for the City of Eastern Shores for the year ended September 30, 2012: Revenues: Property taxes $27,000,000 Sales taxes $13,216,000 Fees and fines $1,124,000 Licenses and permits $1,921,000 Intergovernmental $868,000 Investment earnings $654,000 Expenditures: Current: General government $8,192,000 Public safety $24,444,000 Public works $6,211,000 Health and sanitation $1,693,000 Culture and recreation $2,154,000 Debt service principal $652,000 Debt service interest $821,000 Proceeds of long-term, capital-related debt $2,210,000 Transfer to special revenue fund $1,119,000 Special item proceeds from sale of land $821,000 Fund balance, October 1, 2011 $13,211,000 ***Review the financial information pertaining to the city of Eastern Shores in problem 2-9 on page 53 of your text. From the information given, prepare in good form, a General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances for the city of Eastern Shores General Fund for the Year Ended September 30, 2012.***
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