From the following information you are required to prepare Statement of revenues, expenditure and changes in fund balances, other financing sources and statement of net assets

1. During the fiscal year, the city imposed the tax of RO 275000 and has not collected RO 125000.

2. City has issued RO 500000 Operational Bonds of RO 10 each at a premium of 10% for the purpose of constructing School premises.

3. The service department billed the general fund for providing services RO 60000 out of which RO 20000 has been paid.

4.City has received grants worth RO 200000 as part of debit service fund.

5. City has spent RO 30000 for getting supplies out of which supplies worth RO 20000 have been received on time.

6. City has issued 25000 bonds of RO 10 each