Question
Below is the information of estimated revenue and expenditure extracted from the 2018 Budget Book of the Juja Jaya City Council. Estimated Revenue (000) 61000
Below is the information of estimated revenue and expenditure extracted from the 2018 Budget Book of the Juja Jaya City Council.
Estimated Revenue
|
|
| (000) |
| 61000 | Assessment Rate | 5,000.00 |
| 62000 | Tax Assistance | 4,331.00 |
| 71000 | Licenses and Permits | 4,153.00 |
| 72000 | Service Receipts | 5,981.00 |
| 73000 | Proceed from sale of goods | 300.00 |
| 74000 | Rental | 1,918.00 |
| 75000 | Fines and Forfeitures | 2,105.00 |
| 81000 | Refunds of Expenditure | 20.00 |
| 82000 | Grants from Federal Government | 1,888.00 |
Estimated Expenditure
| 11001 | Salary | 5,774.00 |
| 11002 | EPF | 1,448.00 |
| 11003 | SOCSO | 1,114.00 |
| 12001 | Advertising | 350.00 |
| 12004 | Allowance for Council Member | 222.00 |
| 12011 | Transportation fees | 115.00 |
| 13004 | Material and tools | 383.00 |
| 14003 | Vehicle | 855.00 |
| 14012 | Machine | 734.00 |
Required:
Prepare the operating budget of Juja Jaya City Council using the following codes:
60000 Tax Revenue
70000 Non-Tax Revenue
80000 Non-Revenue Receipts
11000 Emolument
12000 Recurring Expenditure
13000 Material
14000 Maintenance
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Selected Materials From Managerial Accounting
Authors: Ray H. Garrison
12th Edition
0077331559, 978-0077331559
