Requlred: a. Record Journal entrles for the follovvlng transactlons for FY 2020 Journal entry explanatlons ere not requlred. use control accounts for revenues, expendltures and budgetary accounts. It Is not necessary to reflect subsldlary ledger entrles_ (2) Encumbrances of $19,000 for purchase orders outstandlng the end of 2019 were re-estebllshed (3) The January 1, 2020, belence In Deferred Inflows Property Taxes relates to the amount of the 2019 levy that was expected to Oe collected more than 60 Cays after December Tills emount should be recognlzed as 2020 revenue. (4) A general tex levy In the amount of was mede l: Is estlmated 21/4 pecent (00225) of the tax will be uncollectlble_ (5) Tax antlclpatlon notes In the amount of $500,000 were Issued (6) Goods and supplles related to all encumbrances outstandlng as of December 31, 2019 were recelved, elong wlth Innlces amountlng to S18700 The Involces were approved for payment. The Clty melntalns Immaterlal emounts In supply Inventorles and It Is the practlce of the Clty to charge supplles to expendlture when recelved_ (7) All accounts payable and the emount due other funds were (8) The General Fund collected the followlng In cash: a pr[or year taxes, S158,OOO, a [nteres: ene peneltles recelvable on prlor year taxes, $3,500; a current taxes, o $204,000 prevlously recorded as due from the state government; o Ilcenses and permlts. $800,000, o soles taxes, S2.8go.ooo, ene o Mlscellaneous revenues, S350,OOO_ (9) Purchase orders and contracts were Issued In the amount of (10) Payrolls for the General Fund totaled Of that amount. S4g8,ooo were wlthheld for employees' federal Income taxes and S3go,g15 were wlthheld for employees' FICA end Medlcere tax llablllty: the balance was pold In cosh. The encumbrance system Is not used for payrolls. (11) The llablllty for the cry's share of FICA and Medlcare taxes. $390,915, was recorded as wes the Ileblllty for slate unemployment taxes In the amount of S28.OOCL (12) Involces for most of the supplles and servlces ordered In transectlon 8 were recelved In the amount of $3,375,300 end approved for payment. The related encumbrance emounted to $3.407,000_ (13) Tax antlclpatlon notes were pold meturlty, elong Interest In the amount of $18.000_ (14) Notlficatlon wes recelved an unresmcted state grant In the emount of S332,OOO would be received durlng the first month of the next year. (15) The General Fund recorded a 1100111ty to the Water end Sewer Fund for servlces In the amount of $37,000 and to the Stores and Seuces Fund for supplles In the emount of S313.200; S310,OOO of the amount due the Stores and Servlces Fund wes pald_ (16) The General Fund recorded an amount due of S48.OOO from the state government, representlng sales taxes to be collected from retall sales taklng place durlng the last week of the year. (17) The General Fund pald accounts payable In the amount of S3,175.OOO and pold the emounts due to the federal end state governments The General Fund also transferred to the debt servlce funds cash In the amount of for the recurring payment of prlnclpal and Interest. (18) All requlred legal steps were accompllshed to Increase approprlatlons by the net amount of Slog,ooo Estlmeled revenues were Increased by $73,000_ (19) The Clty Councll euthorlzed a wrlte-off of $51,000 In dellnquenl property taxes and correspondlng Interest and penaltles amountlng to Sl,600_ (20) Interest end penaltles receivable on taxes were accrued In the amount of $17,200: $1,100 of tills amount Is expected to be uncollectlOle_ (21) II Is estlmated that S17,500 of lhe outstandlng taxes recelvable WII' be collected more than 60 days beyond the fiscal year-end.