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Greenville has provided the following information from its General Fund Revenues and Appropriations/Expenditure/Encumbrances subsidiary ledgers for the fiscal year ended. Assume the beginning fund balances
Greenville has provided the following information from its General Fund Revenues and Appropriations/Expenditure/Encumbrances subsidiary ledgers for the fiscal year ended. Assume the beginning fund balances are $152 (in thousands) and that the budget was not amended during the year. City of Greenville General Fund Subsidiary Ledger Account Balances (in thousands) For the Fiscal Year Debits Credits Estimated Revenue Taxes 6,048 Fines & Forfeits 303 Intergovernmental Revenue 500 Charges for Services 370 Revenues Taxes 6,051 Fines & Forfeits 308 Intergovernmental Revenue 500 Charges for Services 366 Appropriations General Government 1,635 Public Safety 3,375 Public Works 1,448 Culture & Recreation 724 Estimated Other Financing Uses Interfund Transfers Out 50 Expenditures General Government 1,622 Public Safety 3,361 Public Works 1,443 Culture & Recreation 718 Encumbrances General Government 8 Public Safety 11 Public Works 3 Culture & Recreation 0 Other Financing Uses Interfund Transfers Out 50 Required a. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance. b. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis). Complete this question by entering your answers in the tabs below. Required A Required B Prepare a General Fund statement of revenues, expenditures, and changes in fund balance. (Enter your answers in thousands.) CITY OF GREENVILLE General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances For the Fiscal Year (Amounts in Thousands) Revenues: Total Revenues 0 Expenditures: 0 Total Expenditures Other Financing Sources and (Uses) Change in Fund Balances Fund Balances, January 1 Fund Balances, December 31 $ 0 Required A Required B Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis). (Enter your answers in thousands. Input all amounts as positive values.) CITY OF GREENVILLE General Fund Schedule of Revenues, Expenditures, and Changes in Fund BalancesBudget and Actual For the Fiscal Year (Amounts in Thousands) Budgeted Amounts Actual Variance with Amounts Final Budget Original Final Budget Basis Over (Under) Revenues $ 0 0 0 0 0 0 0 0 0 Total Revenues Expenditures and Encumbrances 0 0 0 0 0 0 0 0 0 Total Expenditures Excess of Revenue Over Expenditures Other Financing Sources and (Uses) 0 0 0 0 0 0 0 Excess (Deficiency) of Revenues over expenditures and other financing sources Increase in Encumbrances outstanding Increase in Fund Balances for the Year Fund Balances, January 1 Fund Balances, December 31 0 0 0 0 0 0 $ 0 $ 0 $ 0 $ 0
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