Following is a pre-closing trial balance of a village's General Fund at December 31, 2019. The amount shown as Fund balance (unassigned) has not changed since the year started. The amount shown as appropriations includes the amounts appropriated for transfers. Property tax invoices are mailed out on January 10 and are due to be paid on February 10. Property owners that have not paid their taxes are classified as delinquent on March 10.

	Debits	Credits
Cash	$4,000
Property taxes receivable, delinquent	22,000
Allowance for uncollectible property taxes, delinquent		$5,000
Salaries payable		6,000
Due to Water Enterprise Fund		3,000
Accounts payable		16,000
Fund balance (unassigned)		3,000
Property tax revenues		250,000
Sales tax revenues		40,000
Expenditures - salaries	220,000
Expenditures - other than personal services	23,000
Expenditures - utilities	14,000
Transfer to Debt Service Fund	30,000
Transfer to Water Enterprise Fund	10,000
Estimated revenues (total)	297,000
Appropriations (total)
Budgetary fund balance	3,000
Totals	$623,000	$623,000

Based on the information contained in the foregoing trial balance, answer the following questions.

1. When the budget was adopted, what budgetary results did the village anticipate? (Assume the budgetary amounts shown in the trial balance represent the budget as originally adopted by the village.)

2. What were the results of operations for the year? Did the fund balance increase or decrease as a result of the year's activities, and by how much? How much will the amount of the unassigned fund balance be after the books are closed?

3. Based on your analysis of the data, what appears to be the major cause (or causes) of the difference between the anticipated and the actual operating results?

4. Discuss at least two possible reasons for the transfers to the Debt Service Fund and the Water Enterprise Fund.

5. Discuss at least two possible reasons for the amount shown as Due to Water Enterprise Fund.