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

CITY OF BUFFALO FALLS - GENERAL FUND Statement of Revenues, Expenditures, and Changes in Fund Balance For the Year Ended December 31, 2020 Revenues: 0 Total Revenues Expenditures: Current Total Expenditures 0 Other Financing Sources (Uses) Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance, January 1 Fund Balance, December 31 $ 0