Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Balance Sheet Assets Cash and cash equivalents Due from other governments All other assets $36,308 10,504 2,041 $48,853 Total assets Liabilities and Fund Balance Total

image text in transcribed

Balance Sheet Assets Cash and cash equivalents Due from other governments All other assets $36,308 10,504 2,041 $48,853 Total assets Liabilities and Fund Balance Total liabilities $13,066 Fund balance Nonspendable 1,513 Committed 25,251 Assigned 2,479 Unassigned 6,544 Total fund balance 35,787 Total liabilities and fund balance $48,853 Statement of Revenues, Expenditures, and Changes in Fund Balances Total revenues $111,484 Total expenditures 137,936 Excess of revenues over (under) expenditures (26,452) Other financing sources (uses) Transfers in 46,532 Transfers out (19,412) Proceeds from sale of capital assets 5,370 Total other financing sources (uses) 32,490 Net change in fund balance 6,038 Fund balance, October 1,2015 29,749 Fund balance, Sep ber 30, 2016 $35,787 Calculate the city of Tallahassee's budgetary cushion. Balance Sheet Assets Cash and cash equivalents Due from other governments All other assets $36,308 10,504 2,041 $48,853 Total assets Liabilities and Fund Balance Total liabilities $13,066 Fund balance Nonspendable 1,513 Committed 25,251 Assigned 2,479 Unassigned 6,544 Total fund balance 35,787 Total liabilities and fund balance $48,853 Statement of Revenues, Expenditures, and Changes in Fund Balances Total revenues $111,484 Total expenditures 137,936 Excess of revenues over (under) expenditures (26,452) Other financing sources (uses) Transfers in 46,532 Transfers out (19,412) Proceeds from sale of capital assets 5,370 Total other financing sources (uses) 32,490 Net change in fund balance 6,038 Fund balance, October 1,2015 29,749 Fund balance, Sep ber 30, 2016 $35,787 Calculate the city of Tallahassee's budgetary cushion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions