Estimated Revenues Property Taxes Fines Licenses Total $6,000,000 $1,500,000 $500,000 $8,000,000 $3,00,000 $4,000,000 $900,000 $7,900,000 Administration Public Safety Street Maintenance Total Increase in Fund Balance Transactions $100,000 1. Record the budget 2. The town levied the property taxes. 3. The town issued purchase orders: Administration $1,500,000; Public Safety $1,600,000. 4. The town received $5,000,000 in property taxes. 5The town incurred salary expenditures: $800,000; for Public Safety. 6. The town received items purchased in transaction 3. Administration $ $1, 590,000. 7. Additional Cash receipts: Property Taxes $80,000, Fines $50,000, licenses $60,000. 0 Estimated Revenues Property Taxes Fines Licenses Total $6,000,000 $1,500,000 $500,000 $8,000,000 $3,00,000 $4,000,000 $900,000 $7,900,000 Administration Public Safety Street Maintenance Total Increase in Fund Balance Transactions $100,000 1. Record the budget 2. The town levied the property taxes. 3. The town issued purchase orders: Administration $1,500,000; Public Safety $1,600,000. 4. The town received $5,000,000 in property taxes. 5The town incurred salary expenditures: $800,000; for Public Safety. 6. The town received items purchased in transaction 3. Administration $ $1, 590,000. 7. Additional Cash receipts: Property Taxes $80,000, Fines $50,000, licenses $60,000. 0