9-The Village of Old Westbury - A General Fund has forecasted the following for 2015 Estimated Revenues $6,200,000 as follows Property Taxes -$4,500,000 Fines Licenses Miscellaneous 200,000 500,000 1,000,000 It is expected that 1 percent of the property taxes will not be collected It approved appropriations of $6,000,000 as follows Education Public Safety Parks and recreation $4,000,000 1,000,000 1,000,000 During the year, the Village collected $4,000,000 in Real Estate Tax The village will be assessing a 5 percent penalty for late payees and expects that 15 percent of this penalty will not be collected. Additionally, it encumbered $4,000,000 as follows: Education Public Safety Parks and recreation 500,000 $3,000,000 500,000 All of the encumbered items have been satisfied except for $1,000,000 of education, and resulted in the following expenditures which have all been paid Education Public Safety Parks and recreation $ 2,100,000 550,000 550,000 Record the following in the General Fund and Government-Wide Fund- please be clear where the entries are made, and do not include subsidiary accounts: 1- The Budget 2- Encumbrances 3- Property Tax billings 4- Property tax collections 5- Reclassification of current property taxes to delinquent property taxes 6- Billings of penalties and interest 7- Payment of expenditures 8- What is the balance of Appropriations as of year-end? 10-What is the accounting method to account for Government-Widefinancial statements 9-The Village of Old Westbury - A General Fund has forecasted the following for 2015 Estimated Revenues $6,200,000 as follows Property Taxes -$4,500,000 Fines Licenses Miscellaneous 200,000 500,000 1,000,000 It is expected that 1 percent of the property taxes will not be collected It approved appropriations of $6,000,000 as follows Education Public Safety Parks and recreation $4,000,000 1,000,000 1,000,000 During the year, the Village collected $4,000,000 in Real Estate Tax The village will be assessing a 5 percent penalty for late payees and expects that 15 percent of this penalty will not be collected. Additionally, it encumbered $4,000,000 as follows: Education Public Safety Parks and recreation 500,000 $3,000,000 500,000 All of the encumbered items have been satisfied except for $1,000,000 of education, and resulted in the following expenditures which have all been paid Education Public Safety Parks and recreation $ 2,100,000 550,000 550,000 Record the following in the General Fund and Government-Wide Fund- please be clear where the entries are made, and do not include subsidiary accounts: 1- The Budget 2- Encumbrances 3- Property Tax billings 4- Property tax collections 5- Reclassification of current property taxes to delinquent property taxes 6- Billings of penalties and interest 7- Payment of expenditures 8- What is the balance of Appropriations as of year-end? 10-What is the accounting method to account for Government-Widefinancial statements