Ch 3 Homework Saved The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of the fiscal year appeared as follows: Revenues Cr(Dr) Balance Dr (Cr) points 765,000 551,500 213,500 Revenues Ledger Est. Revenues Account Ref. Account Title Dr (Cr) 3/4020 Taxes-Real Property 101 Budget Authorization 765,000 102 Received in Cash 3/4050 Licenses and Permits 101 Budget Authorization 115,000 102 Receiv Received in Cash 3/4070 Intergovernmental Revenue 101 Budget Authorization 65,000 102 Received in Cash 103 14,000 115,000 103,500 11,500 eBook 16,500 65,000 48,500 62,500 Print Appropriations, Expenditures, and Encumbrances Ledger Encumbrances Encumbrances Encumbrances Expenditures Increase Decrease Balance Expenditures Balance Appropriation (Cr) Dr(Cr) Dr (Cr) Dr(Cr) Cr(Dr) References Balance Cr(Dr) Dr 650,000 7,150 7,150 650,000 642,850 479,350 479,400 163,500 168,900 5,450 163,500 5,400 1,700 140,000 Account Ref Account / Description 5/6/7020 General Government 101 Budget Authorization 102 Purchase Order Issued 102 Payroll 102 Goods Received 5/6/7030 Public Safety 101 Budget Authorization 102 Payroll 103 5/6/7050 Culture and Recreation 101 Budget Authorization Purchase Order Issued 102 Goods Received 102 Payroll 5/6/7070 Miscellaneous 101 Budget Authorization 31,500 31,500 140,000 108,500 161,500 53,000 100,000 1,950 1,950 100,000 98,050 98,250 82,500 1,950 1,750 15,750 1,750 17,500 16,500 16,500 Required Assuming that there are no other General Fund revenue or expenditure transactions, answer the following questions. a. What were the original approved budget amounts for Estimated Revenues and for Appropriations? b. (1) Was the budget adjusted during the year? (2) If so, which accounts if any were adjusted and by how much? (3) In total, has Budgetary Fund Balance increased, decreased, or remained the same during the first fiscal quarter? c. (1) What are the current balances of the Estimated Revenues and Appropriations control accounts? (2) What are the current balances of the Revenues, Encumbrances, and Expenditures control accounts