Beginning balances were Cash, $94,000 Taxes Receivable, $191,000 Accounts Payable, $53,000 and Fund Balance, $232,000 The budget was passed Estimated revenues amounted to $1,240,000 and appropriations totaled $1,237,200 All expenditures are classified as General Government Property taxes were levied in the amount of $920,000 All of the taxes are expected to be collected before February 2021 Cash receipts totaled $890,000 for property taxes and $300,000 from other revenue Contracts were issued for contracted services in the amount of $97,000 Contracted services were performed relating to $87,000 of the contracts with invoices amounting to $85,200 Other expenditures amounted to $968,000 Accounts payable were paid in the amount of $1,100,000 The books were closed CITY OF BUFFALO FALLS General Fund Balance Sheet As of December 31, 2020 Assets $ 0 Total Assets Liabilities, Deferred Inflows, and Fund Balances Liabilities 0 Total Liabilities Fund Balances Nonspendable 0 Total Fund Balances Total Liabilities, Deferred Inflows, and Fund Balances $ 0

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Beginning balances were: Cash, $94,000; Taxes Receivable, $191,000; Accounts Payable, $53,000; and Fund Balance, $232,000. The budget was passed. Estimated revenues amounted to $1,240,000 and

Beginning balances were: Cash, $94,000; Taxes Receivable, $191,000; Accounts Payable, $53,000; and Fund Balance, $232,000.
The budget was passed. Estimated revenues amounted to $1,240,000 and appropriations totaled $1,237,200. All expenditures are classified as General Government.
Property taxes were levied in the amount of $920,000. All of the taxes are expected to be collected before February 2021.
Cash receipts totaled $890,000 for property taxes and $300,000 from other revenue.
Contracts were issued for contracted services in the amount of $97,000.
Contracted services were performed relating to $87,000 of the contracts with invoices amounting to $85,200.
Other expenditures amounted to $968,000.
Accounts payable were paid in the amount of $1,100,000.
The books were closed.

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CITY OF BUFFALO FALLS General Fund Balance Sheet As of December 31, 2020 Assets $ 0 Total Assets Liabilities, Deferred Inflows, and Fund Balances Liabilities: 0 Total Liabilities Fund Balances: Nonspendable 0 Total Fund Balances Total Liabilities, Deferred Inflows, and Fund Balances $ 0