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Fund Balance Problem Beginning and Ending Fund Balances. The following information is provided about the Town of Truesdale's General Fund operating statement and budgetary accounts
Fund Balance Problem Beginning and Ending Fund Balances. The following information is provided about the Town of Truesdale's General Fund operating statement and budgetary accounts for the fiscal year ended June 30, 2013. (Note: The Town of Truesdale has no restricted, committed, or assigned fund balances.) Estimated revenues Revenues Appropriations Expenditures Fund Balance -Unassigned (beginning of year) Budgetary Fund Balance (after FY 2013 budget was recorded) b. Calculate the end-of-year balances for the Fund Balance-Unassigned and Budgetary Fund Balance accounts that would be reported on the town's balance sheet prepared as of June 30, 2013. Show all necessary work. $3,150,000 3,190,000 3,185,000 3,175,000 600,000 (35,000) 3-38
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