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 $167 (in thousands) and that the budget was not amended during the year.

Required

1. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance.
2. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balancebudget and actual (assume the budget is prepared on a GAAP basis).

PLEASE CORRECT THE RED COLUMN AND FIND CORRECT FIGURES FOR THE LAST 5 ROWS!

If you want to do the entire chart from scratch that is fine too.

Thank you!

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 514 Charges for Services 370 Revenues Taxes 6,093 Fines & Forfeits 308 Intergovernmental Revenue 514 Charges for Services 367 Appropriations General Government 1,650 Public Safety 3,375 Public Works 1,461 Culture & Recreation 724 Estimated Other Financing Uses Interfund Transfers Out 64 Expenditures General Government 1,622 Public Safety 3,348 Public Works 1, 443 Culture & Recreation 719 Encumbrances General Government 27 Public Safety 25 Public Works 16 Culture & Recreation 0 Other Financing Uses Interfund Transfers Out 64 Return to (Amounts in Thousands) Budgeted Amounts Actual Amounts Budget Basis Variance with Final Budget Over (Under) Original Final $ $ $ $ 45 Revenues Taxes Fines and Forfeits Intergovernmental Revenue Charges for Services 6,048 303 6,048 303 6,093 308 5 514 514 514 0 370 370 367 (3) 0 7,235 7,235 7,282 47 27 Total Revenues Expenditures and Encumbrances General Government Public Safety Public Works Culture and Recreation 1,650 3,375 1,461 25 1,650 3,375 1,461 724 1,677 X 3,400 X 1,477 % 724 16 724 0 0 7,210 7,210 7,278 68 25 25 4 29 Total Expenditures Excess of Revenue Over Expenditures Other Financing Sources and (Uses) Interfund Transfers Out 64 64 64 0 0 (39) (39) (60) (21) 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 (39) (39) (60) (21) 0 $ (39) $ (39) $ (60) $ (21)