CITY OF SALEM Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual: General Fund For The Year Ended December 31, 2020 Budgeted Amounts REVENUES Original Final Property Taxes 14,677,000 14,677,000 Other Local Taxes 11,562,500 11,562,500 Charges for Services 1,613,011 1,613,011 Intergovernmental 7,892,080 8,047,907 Miscellaneous 1,504,977 1,388,385 TOTAL REVENUES 37,249,568 37,288,803 Actual Amounts Budgetary Basis 15,361,830 11,761,522 1,601,435 7,098,698 1,262,549 37,086,034 Variance with Final Budget 684,830 199,022 (11,576) (949,209) (125,836) (202,769) EXPENDITURES Current General Government Judicial Administration Public Safety Public Works Health and Welfare Education Parks and Recreation Community Development TOTAL EXPENDITURES REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES): Transfers (to) other funds 3,567,838 1,351,000 7,753,002 4,541,651 4,823,267 8,963,248 2,983,861 872,594 34,856,461 3,489,870 1,497,845 8,325,564 4,984,353 4,440,167 8,929,725 3,097,528 904,168 35,669,220 3,453,502 1,456,734 8,216,347 4,602,273 4,418,294 8,887,834 3,055,325 899,209 34,989,518 36,368 41,111 109,217 382,080 21,873 41,891 42,203 4,959 679,702 2,393,107 1,619,583 2,096,516 476,933 (3,560,000) (3,560,000) (3,257,000) (3,257,000) (3,256,899) (3,256,899) 101 101 Excess of revenues and other sources over (under) expenditures and other uses FUND BALANCE - Beginning of Year FUND BALANCE - End of Year 477,034 (1,166,893) 12,338,963 11,172,070 (1,637,417) 12,338,963 10,701,546 (1,160,383) 12,338,963 11,178,580 477,034 General Ledger Debits Credits Subsidiary Ledger Debits Credits 37,249,568 37,249,568 a. Record the original budget Revenues control account Estimated Other Financial uses control Budgetary Fund Balance Estimated Revenues ledger. Property Taxes Other Local taxes 5 Charges of Services Intergovernmental Revenue 3 Miscellaneous 14,677,000 11,562,500 1,613,011 7,892,080 1,504,977 37,249,568 38,416,461 34,856,461 3,560,000 Appropriations control account Budgetary Fund Balance 2. Appropriation Controls Estimated Other Financing uses controls Appropriations subsidiary ledger. General Government Judicial Administration Public safety Public Works Health & welfare Education Parks & Recreation Community Development 3,567,838 1,351,000 7,753,002 4,541,651 4,823,267 8,963,248 2,983,861 872,594 34,856,461 Other Financing Uses subsidiary ledger. Transfers out 3,560,000 5 General Ledger Debits Credits Subsidiary Ledger Debits Credits b. Record the budget revisions Estimated Revenue Control Estimated Other Financing uses control Budgetary Fund Balance Appropriations Control Revenues subsidiary ledger: Intergovernmental Revenues Miscellaneous Appropriations subsidiary ledger Other Financing Uses subsidiary ledger: c. Record the Actual Revenues General Ledger Debits Credits Subsidiary Ledger Debits Credits Revenues subsidiary ledger 9 d. Record the encumbrances General Ledger Debits Credits Subsidiary Ledger Debits Credits 1 2 3 Encumbrances subsidiary ledger General Ledger Subsidiary Ledger 3 4 e. Record the actual expenditures and Encumbrance Reversals Debits Credits Debits Credits 8 Encumbrances subsidiary ledger. 8 Expenditures Control 1 2 3 Expenditures subsidiary ledger 1 2