A Financial Statement B Prepare a statement of revenues, expenditures, and changes in fund balance for the City of Solomon Capital Projects Fund for 2020, given the following information: Account Title Fund balance, January 1, 2020 Intergovernmental grant revenue Interest Revenue Increase in fair value of investments Construction expenditures Architect fees Amount 2,000,000 850,000 30,000 3,000 2,400,000 32,000 Engineering fees 17,000 Bond proceeds (face amount was $1,000,000) 1,008,000 Bond issuance costs 5,000 Purchase of Land 92,000 5 Repayment of bond notes (long-term debt) 5 Principal 7 Interest Revenue 8 Transfer from General Fund 600,000 3,500 250,000 450,000 9 Construction contracts outstanding at year end 0 1 2 Solution: 23 24 25