Obtain a recent state or local government annual operating budget from a library, the internet or elsewhere and submit a brief report on this research assignment. (Include the link to your document or a .pdf of the file with your uploaded assignment submission).
- Which aspects of the budget document(s) were similar to what you expected based on this chapter? Explain (Include the page number and appropriate reference citations from the text)
- Which aspects of the budget document(s) were different from what you expected based on this chapter? Explain (Include the page number and appropriate reference citations from the text)
FIles T Budgeting, Budgetary Accounting, and Budgetary Reporting 4. Goods and services under purchase orders and contracts were received: Estimated Cost $ 280,000 General government.. Public safety.. 900,000 2,500,000 440,000 300,000 180,000 $4,600,000 Highways and streets. Health and sanitation Culture and recreation Other.... The remaining orders are still outstanding. 5. Other expenditures incurred were: General government Public safety... Highways and streets. Health and sanitation Culture and recreation Other.... 1. Set up general ledger T-accounts like those in Illustration 3-1 and also r ditures subsidiary ledgers like those in Illustrations 3-2 and 3-3. 2. Record the Murphy County 20X8 General Fund budget in the general le ledger accounts, keying these entries "B" (for budget). Then record the tions and events, keying these entries by those numbers. equired P3-3 (Budgetary Comparison Statement) This problem is based on the the Murphy County General Fund budgeted and actual transactions and Problem 3-2. 1. Prepare a budgetary comparison statement for the General Fund of Mu 20X8 fiscal year. The statement should present revenues (by source cate and encumbrances (by function), and the excess of revenues over (unde enouaremeen Llea the aolu headimas Cequired FIles T Budgeting, Budgetary Accounting, and Budgetary Reporting 4. Goods and services under purchase orders and contracts were received: Estimated Cost $ 280,000 General government.. Public safety.. 900,000 2,500,000 440,000 300,000 180,000 $4,600,000 Highways and streets. Health and sanitation Culture and recreation Other.... The remaining orders are still outstanding. 5. Other expenditures incurred were: General government Public safety... Highways and streets. Health and sanitation Culture and recreation Other.... 1. Set up general ledger T-accounts like those in Illustration 3-1 and also r ditures subsidiary ledgers like those in Illustrations 3-2 and 3-3. 2. Record the Murphy County 20X8 General Fund budget in the general le ledger accounts, keying these entries "B" (for budget). Then record the tions and events, keying these entries by those numbers. equired P3-3 (Budgetary Comparison Statement) This problem is based on the the Murphy County General Fund budgeted and actual transactions and Problem 3-2. 1. Prepare a budgetary comparison statement for the General Fund of Mu 20X8 fiscal year. The statement should present revenues (by source cate and encumbrances (by function), and the excess of revenues over (unde enouaremeen Llea the aolu headimas Cequired
