CITY OF BRIDGEVIEW GENERAL FUND PRECLOSING TRIAL BALANCE AS OF DECEMBER 31, 20X6 DEBITS CREDITS Cash $ 1,528,000 Taxes Receivable-Delq. 710,000 Allow for Uncol. Taxes-Delq. $ 284,000 Supplies Inventory 15,000 Due from Federal Govt 375,000 Due from CPF 50,000 Accounts Payable 795,000 Deferred Inflow of Resources 142,000 Due to Other Funds 40,000 Fund Balance 1/1/X6 125,000 Revenue: Property Taxes 5,969,000 Revenue: Grants 375,000 Revenue: Interest & Penalties 3,000 Revenue: Restricted Gift 100,000 Special Item: Sale of Land 100,000 Expenditures: Current 5,055,000 OFU: Transfers Out 200,000 Encumbrances 125,000 BFB Reserve for Encumbrances 125,000 Appropriations: Current 4,745,000 Estimated Revenues: Grants 425,000 Estimated Revenues: Property Taxes 7,500,000 Estimated OFU: Transfers Out 200,000 Budgetary Fund Balance 2,980,000 TOTAL DEBITS/CREDITS $ 15,983,000 $ 15,983,000 All of the items below are reflected in the numbers above 1) Assume a budgetary amendment was posted during the year, which increased Appropriations-Current by $45,000 and decreased Estimated Grant Revenue by $75,000. 2) Near year-end a restricted gift of $100,000 was received by the city to fund a food bank operated by the general fund. No funds have been disbursed as of year-end. 3) During the year the General Fund made an inter-fund loan to the Water & Sewer fund for $15,000, which has not been repaid by the Water & Sewer Fund at year end. 4) You do not have to provide closing entries for this problem, however assume they would be done prior to completing the balance sheet