Budgeting, Budgetary Accounting, and Budgetary Reporting 20X3. (b) Reconcile the general ledger and the subsidiary ledgers at year end. (c) Close accounts. accrual basis 1. The Ann Arbor City Council adopted the following budget on the modified for the Community Television Network Special Revenue Fund: Estimated Revenues: $1,270,080 36,000 Charges for services 1,313,455 Appropriations: 519,339 175,364 194,541 20,000 159,547 252,664 1,321,455 S 8000 Excess (Deficiency) of Estimated Revenues over Appropriations 2. The city collected cash for the network as follows: $1,388,335 27603 1,000 $1,416,938 3. City Council revised the Community Television Network Special Revenue Fund ao n ficatios tions for "Personnel services" and "Payroll fringes/insurance" upward by $401 $15,000, respectively, as a result of hiring an additional emplovee and minor to the employees' insurance benefits. Appropriations for "Materials and supplies Capital outlay" were reduced by $3,000 and $60,000, respectively 4. The payroll was approved and paid, $559,339. 5. Payroll fringe benefit and insurance costs of $190,000 were incurred during the ye 6. The network ordered materials and supplies with an estimated cost of S17 7. "Other services" of $194,000 and "Other charges" of $159,547 were incurhe was not paid by year end. year; $10,000 ment expected to cost $192,664. and paid of t equipment 8. The network received the materials and supplies ordered. The actual cost wasic network also received most of the equipment ordered, but orders for $50,000 uipm sion equipment had not been received by year end. The actual cost of the eq received was equal to the expected costs. t was $16.98 C3-3 (BudgetanuC