b. Post the entries to the City Jail Debt Service Fund ledger (t-accounts) e. Prepare and post an entry closing all nominal accounts to Fund Balance. Assume any remaining net resources are classified as Fund Balance- Assigned for Debt Service. 5-C. Part 4. Governmental Funds Financial Statements Required a. Prepare a Balance Sheet for the governmental funds for the City of Monroe as of December 31, 2015. Include the General Fund, the Street and Highway Fund (P4-C), the City Hall Debt Service Fund, and the City Jail Debt Service Fund. Use the balances computed in 4-C for the General Fund and special revenue fund portions of this statement. b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balances for the governmental funds for the City of Monroe for the Year Ended December 31, 2015. Include the same funds as listed in requirement a plus the City Jail Construction Fund Tetal City Hall City Jail City Jall Goverameatal Street and Highway Constrection.Funds S 6,657.500 6.657,500 2942,000 16,100 800,000 332,000 350,000 Taves Tases Sales Tas Interest & penalties 21,220 800,000 5,120 enses and Permits 1,972,000 Miscellancous Reveus Esprnditures 1,646,900 3,006,900 1,441.400 591,400 724,100 374,300 917,300 492 1,646,900 3,026,900 2,471,900 591 400 724,100 374,300 1 Pulblic Safcty Highwos and Strects Sanitation Culture and Recreation Principal Interest Total Expenditures cess (Deficiency) of Revonaes Over E Other Financieg Sources (Uses) xpenditund 12,500 Proceeds of Bonds Premium on Bonds Sold Tranafers la Transfers Oat 1,662,000 1,642,000 and Ralance, January 1 Fund Halance, December 31 220,500 737 250 917,250