Contour Protism Caty of Moro Continuous Problem - City of Monroe Chapeaughing and fisserist gemine bryd comme cantinavas problem is peered to provide serview of the mporting process, including purpuration of and basis al government wide statements. The problem assacres the govemment is ung fand accoumig for us unrenal record keeping and then ar you-codenry adjudmana to prepare the perman-wide. T problem that follows is presered in the same order as the textbooks (beginning with Chapters 3 und 4) Fach chapterqime the preparation of journal entries to end the www.and traction af overal, proprietary, e fiduciary funde. La port count for each type of revecue and expendruce expense. At appropesore stages, preperation of the and statements required. The following finds are included in this Command Special Street and Highway and cof Capital project-City Hall Asus Coatction Fol > Debe service City Jail Annex Deb Service Fund Date vic: City Hall Dube Savic: Fund (Optional - Extra Credit) Propisty Fash SS Fund Ferrand S Chapter 4 The Balm Slaxt of the Suot and Highway Fasad of the City of 3 of Dembs 31, 2016, follows. These (beginning) balances have been entered in the proper general ledger 1/1/2017. Corbin City of Cre Inv Duc Street and Highway Fund Balance Sheet CITY OF MONROE As of December 31, 2016 Liabilities and Fund Equity T Listilitize Accounts payable Fund Fund binne ind for and hiy Total and quy 523,000 50,000 107,000 $180.000 50,000 180,000 $180,000 3.C. This portion of the commoss problem requires the recording and posting of the terary entries Torence clerical or required for the r wheezy wood, revu, armadilassa and cacumina Record these jomal entries in the respective Chapter Excel templates Subsidary accounts are not required Budget information for the City includes: a) As of Jun 1, 2017, the City Council approved and the meer signed a budget fre the Starland Highway Fund that movido fa cainted semua govement in the mere $1 18 100 and appropriations of $147,001 Rac thed and post C. Special Revenue Fund Tractions Raytrad Roondjonale for the following Jolg. As tidy for tion for FY 2017 al posto the and capenditure, the of onbul account is aut secessary. (Mae eies directly to individual revenue and expenditure acc (1) The state governer onded the Cry thar 51.065.000 will be available for street and highway maintenance during 2017 (ie, the Cty has inen Highlity Theh me not oneiland nimbrament-type as defined by GASB (2) Cabin the mount of $97,000 mezived from the state govemment. (3) Contracts, all eligible for payment on the Street and Highway Fande: signed in the amount of $1.002.000 (4) Contractual crv (3) woodvod; the relat $1,042,000. Inigo $1,040,500 for th CoP City of wapoved for payment. The good und avions all warfra highway mainte (5) of $5,100 and (6) Accounts payable were paid in the amount of 5923,000. All required legal steps were accomplished to increase appropriations in the amount of $4,300 Prepare and post the nacarrary clwrung arrive for the Steve and lighway and Papore State of Revenue Expenditures, and Changes in Fund Balance the Ser and Highway Fund for the fixel year ended December 11, 2017. Prepace a Balance Sheet for the Street and Highway Fund as of December 31, 2017. Ameyended treated Reed dat Chapter 5 5. C. Part I. Capital Projects Fand Tractions The votes of the City of Monroe pred the of tex-pported bands in the face of $4,000,000 for the construction and equipping of a new City Jail. Architecte waz to the retained, and construction was to be completed by one coactors. In addition to the bund pros, $1,340,000 from the state Regu paljol for the City Jel Ames Constition Faad Revved following actions and post to the general ledger. Control accounts are not necessary. (1) On Jury 1, 2017, the total face marant of bonds being an inter of $200,000. Principal of $200,000 will come dreamally over 21-year period commencing Jary 1, 2018 Interpayment datex July 1 and January 1 The first interest payment will be July 1, 2017. The pain was banned to the City Jail Deal Service Fund for the firm of principal at the bonds (2) The reivable from the state govemment werd (Legal and enguang fees early in the project were paid in the amount of (4) Adecco of $250,000. (5)Prin append, and the archiwum www.pai 550,000 of the fee). (6) The complete plans and specifications were received from the architects and approved. A lady in the amount of $150,000 to the architects was approved ()ted and opened in pair in After consider in City Comcil flow hid from Harder Commation Company in the $1,500,000 wasted, and a contact was signed