Chapters Purtl. Capital Project Fund a cions The waters of the City of Monroe approved the issuance of tax of $4,000,000 for the construction and equipping of a be retained, and construction was to be completed by outs utside conta and proceeds, a $1,340.000 grant was expected from the sta struction was to be acted from the state govern tion Fund Record the accounts are not necessary bonds bearing an interest cincipal amount of 20000 od commencing Jamry 1, 2018 ry 1. The first interest payment will cred to the City Jail Debt Service project were paid in the amount of d, and the architects were paid $50,000 (20 received from the architects and of $150,000 to the architects was approved Required Open a general journal for the City Jail Annex Constructie transactions and post to the general ledger. Control accou (1) On January 1, 2017, the total face amount of bonds percent was sold at a $200,000 premium. Principal will come due annually over a 20-year period com Interest payment dates are July 1 and January 1. Th be July 1, 2017. The premium was transferred to th Fund for the future payment of principal on the bond (2) The receivable from the state government was recorde (3) Legal and engineering fees early in the project were $121,000. This amount had not been encumbered, (4) Architects were engaged at a fee of $250,000. (5) Preliminary plans were approved, and the architects we percent of the fee). (6) The complete plans and specifications were received from th approved. A liability in the amount of $150,000 to the archite and paid. (7) Bids were received and opened in public session. After considerable di in City Council, the low bid from Hardhat Construction Company in the amount of $4,500,000 was accepted, and a contract was signed. (8) The contractor required partial payment of $1,350,000. Payment was approved and vouchered with the exception of a 5 percent retainage. (9) Cash in the full amount of the grant was received from the state government. (10) Furniture and equipment for the annex were ordered at a total cost of $459,500, (11) Payment was made to the contractor for the amount payable (see 8 above). (12) The contractor completed construction and requested payment of the balance due on the contract. After inspection of the work, the amount, incluang unt pus retainage, was approved for payment and then paid. The furniture and equipment were received at a total actual installed cost S459,300. Invoices were approved for payment (14) The remainder of the architects' fees was approved to was approved for payment outstanding accounts payables ($ funt Chapters Purtl. Capital Project Fund a cions The waters of the City of Monroe approved the issuance of tax of $4,000,000 for the construction and equipping of a be retained, and construction was to be completed by outs utside conta and proceeds, a $1,340.000 grant was expected from the sta struction was to be acted from the state govern tion Fund Record the accounts are not necessary bonds bearing an interest cincipal amount of 20000 od commencing Jamry 1, 2018 ry 1. The first interest payment will cred to the City Jail Debt Service project were paid in the amount of d, and the architects were paid $50,000 (20 received from the architects and of $150,000 to the architects was approved Required Open a general journal for the City Jail Annex Constructie transactions and post to the general ledger. Control accou (1) On January 1, 2017, the total face amount of bonds percent was sold at a $200,000 premium. Principal will come due annually over a 20-year period com Interest payment dates are July 1 and January 1. Th be July 1, 2017. The premium was transferred to th Fund for the future payment of principal on the bond (2) The receivable from the state government was recorde (3) Legal and engineering fees early in the project were $121,000. This amount had not been encumbered, (4) Architects were engaged at a fee of $250,000. (5) Preliminary plans were approved, and the architects we percent of the fee). (6) The complete plans and specifications were received from th approved. A liability in the amount of $150,000 to the archite and paid. (7) Bids were received and opened in public session. After considerable di in City Council, the low bid from Hardhat Construction Company in the amount of $4,500,000 was accepted, and a contract was signed. (8) The contractor required partial payment of $1,350,000. Payment was approved and vouchered with the exception of a 5 percent retainage. (9) Cash in the full amount of the grant was received from the state government. (10) Furniture and equipment for the annex were ordered at a total cost of $459,500, (11) Payment was made to the contractor for the amount payable (see 8 above). (12) The contractor completed construction and requested payment of the balance due on the contract. After inspection of the work, the amount, incluang unt pus retainage, was approved for payment and then paid. The furniture and equipment were received at a total actual installed cost S459,300. Invoices were approved for payment (14) The remainder of the architects' fees was approved to was approved for payment outstanding accounts payables ($ funt