Due from General Fund Cash Capital assets Supplies inventory Accounts payable Accrued wages payable Accumulated depreciation Advance from enterprise fund Net position Total Debits $73,000 1?,500 35,000 4,000 $63,500 Credits :5 5,500 300 6,500 25,000 26,200 $63,500 State Government Capital Project Fund Journal Entries December 31, 2020 Account Title Debits Credits 1 State Government Debt Service Fund Journal Entries December 31, 2020 Account Title Debits Credits 6-------_ DEBT SERVICE FUND GENERAL LEDGER EXPENDITURES EXPENDITURES CASH FUND BALANCE BOND PRINCIPAL BOND INTEREST 210,000 lab OTHER FINANCING SOURCES OTHER FINANCING USES OTHER FINANCING SOURCES REFUNDING OF EXISTING DEBT REFUNDING OF EXISTING DEBT Total debit balances Total credit balances STATE GOVERNMENT Capital project Fund Closing Entries December 31, 2020 Account Title Debits Credits CAPITAL PROJECTS FUND FUND BALANCE 9,300,000 bb closing entry 9,300,000 Committe Non-spendable Restricted d Assigned Unassigned Total Fund Balance STATE GOVERNMENT Debt service fund closing entries December 31, 2020 Account Title Debits Credits DEBT SERVICE FUND FUND BALANCE 210,000 bb closing entry 210,000 Committe Non-spendable Restricted d Assigned Unassigned Total Fund BalanceSpecial Total Revenue Capital Projects Debt Service Governmental General Fund Fund Fund Fund Funds Revenues Income taxes $ 63,500,000 $ o $ -0 $ - 0 $ 63,500,000 areas shaded in blue are not a Intergovernmental revenues 5,680,000 5,680,000 a requirement of this exercise but Fuel taxes - 0 are assumed to provide a complete License Fees 1,162,000 1,162,000 financial statement Fines 255,000 255,000 Total Revenues 69,180,000 1,417,000 - 0 - 0 70,597,000 Expenditures Current: General Government Operations 27,890,000 27,890,000 Public Safety 27,200,000 27,200,000 Tourism 8,770,000 8,770,000 Wildlife Management 1,293,300 1,293,300 Capital Outlay 305,000 305,000 Debt Service Principal - 0 Interest - 0 Total Expenditures 63,860,000 1,598,300 - 0 - 0 65,458,300 Excess (Deficiency) of Revenues Over Expenditures 5,320,000 (181,300) - 0 - 0 5,138,700 Other financing sources (uses) Bond Refunding - proceeds - 0 Bond Refunding - payment Transfers in 300,000 300,000 Transfers out (5,100,000) 5,100,000) total other financing sources (uses) (5,100,000) 300,000 - 0 - 0 (4,800,000) Net Change in Fund Balance 220,000 118,700 - 0 - 0 338,700 Fund Balance, January 1 2,350,000 252,000 2,602,000 Fund Balance, December 31 $ 2,570,000 $ 370,700 $ o $ -o $ 2,940,700Total Special Revenue Capital Projects Debt Service Governmental General Fund Fund Fund Fund Funds Assets areas shaded in blue are not a Cash 2,069,000 $ 307,000 $ 2,376,000 a requirement of this exercise but Investment in US securities 2,560,000 2,560,000 are assumed to provide a complete Taxes receivable 1,077,000 1,077,000 financial statement Licenses receivable 58,000 137,000 195,000 Due from other governments 700,000 700,000 Accrued interest receivable 220,000 220,000 Supplies Inventory 36,000 6,700 42,700 Total Assets $ 6,720,000 $ 450,700 $ - O $ -o $ 7,170,700 Liabilities and Fund Balances Liabilities Accounts Payable 3,750,000 38,000 3,788,000 Wages Payable 400,000 42,000 442,000 Contracts payable - 0 - 0 Total Liabilities 4,150,000 $0,000 - 0 - 0 4,230,000 Fund Balances Nonspendable - supplies inventory 36,000 6,700 42,700 Restricted for: New highways - 0 Fish and game 364,000 364,000 Assigned to: Debt service - 0 Public works 34,000 34,000 Unassigned 2,500,000 2,500,000 Total Fund Balances 2,570,000 370,700 - 0 - 0 2,940,700 Total Liabilities and Fund Balances $ 6,720,000 $ 450,700 $ -o $ - 0 $ 7,170,700
