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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
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 $139 (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 Estimated Revenue Taxes Fines & Forfeits Intergovernmental Revenue Charges for Services Revenues Taxes Fines & Forfeits Intergovernmental Revenue Charges for Services Appropriations General Government Public Safety Public Works Culture & Recreation Estimated Other Financing Uses Interfund Transfers Out Expenditures General Government Public Safety Public Works Culture & Recreation Encumbrances General Government Public Safety Public Works Culture & Recreation Other Financing Uses Interfund Transfers Out Debits Credits 6,048 303 482 370 6,055 308 482 367 1,632 3,375 1,452 724 35 1,622 3,346 1,443 702 9 27 7 0 35 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).
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