A summary of the general fund transactions for the city of wautoma for the year ended December 31, 20 times 9, is as follows: A budget was approved, showed estimated revenues of $900, 000, appropriations $875, 000, transfers in of $27, 000 from other funds, and required transfers of $20, 000 to other funds. The reserve for encumbrance at the end of 20 times 8 was $15, 000. Amounts encumbered in the prior period are included in appropriations for 20 times 9. Property taxes for $25, 000 had not been liquidated by the end of 20 times 8. Invoices for all these items were received in 20 times 9 and totaled $24, 000. Collections from property taxes totaled $644, 000, of which $20, 000 represented collections on delinquent taxes. Delinquent taxes of $8, 000 remain uncollected, on which a $3, 000 allowance is carried. Remaining taxes Receivable - current and taxes receivable - delinquent were converted into taxes receivable - delinquent and tax liens receivable, respectively. Purchase orders totaling $700, 000 were issued. Subsequently, invoices were received amounting to $685, 000 for items estimated to cost $680, 000. Included were supplies for $10, 000. An ending inventory of supplies amounted to $2, 000, for which the fund balance should be reserved (there was no beginning inventory balance.) Wautoma received $300, 000 as its part of federal revenue-sharing programs. Grants-in-aid of $60, 000 due from the state government are recorded. None of the grants is expenditure driven. Required transfers of $20, 000 are made to other funds. A $50, 000 payment is made on a mortgage payable. The payment includes $21, 000 of interest and a principal payment of $29, 000. K. Transfers received from other funds amount to $23, 000