k ces Following are transactions and events of the General Fund of the City of Springfield for the fiscal year ended December 31, 2020. 1. Estimated revenues (legally budgeted) Property taxes Sales taxes Licenses and permits Miscellaneous 2. Appropriations General government Culture and recreation Health and welfare 3. Revenues received (cash) Property taxes Sales taxes Licenses and permits Miscellaneous $ 5,641,000 4,830,000 1,500,000 500,000 $ 5,285,000 4,210,000 1,000,000 $ 5,545,000 4,700,000 1,700,000 800,000 4. Encumbrances issued (includes salaries and other recurring itens) Ceneral government Culture and recreation Health and welfare Goods and services received (paid in cash) General government Culture and recreation Health and welfare 6. Budget revisions Increase appropriations General government Culture and recreation Estimated $5,275,000 4,630,000 905,000 Estimated Actual $ 5,275,000$ 5,285,000 4,630,000 4,610,000 905,000 $ 140,000 110,000 7. Fund balance on January 1, 2020, was $753,000. There were no outstanding encumbrances at that date. a. Record the transactions using appropriate journal entries. b. Prepare a budgetary comparison schedule for the General Fund. 890,000