Estimated revenues $3,150,000

Revenues $3,190,000

Appropriations $3,185,000

Expenditures $3,175,000

Fund Balance- Unassigned (beginning of the year) $600,000

Budgetary Fund Balance (after FY 2013 budget was recorded) ($35,000)

Did the town of truesdale engage in imprudent budgeting practice by authorizing a great amount of expenditures than revenues estimated for the year, or potentially violate town or state balanced budget laws?