Oscoda County started FY 19/20 with the following balances: Cash - $17,500,000; Property Taxes Receivable - $6,500,000; and Allowance for Uncollectible Taxes - $525,000. Based on the following transactions, prepare the government fund statements for the FY ended on June 30, 2020.
a)	The county budget for FY19/20 is: tax revenue, $250,000,000; approved expenditures, $195,000,000.
b)	Property taxes of $280,000,000 are assessed. The assessment is a legally enforceable claim according to the laws of this state. The money to be received is designated for the current fiscal year. 90 percent will be collected during the current year. An additional 7 percent during the next fiscal year, but in time to be available to pay current period claims. The remainder is expected to be uncollectible.
c)	A contract is signed to build a new county courthouse and 0ffice building at a cost of $180 million. A budget for this project has previously been recorded.
d)	$200 million is transferred from the general fund to the capital project fund to finance the new building.
e)	The new building is completed and an invoice for $188 million is paid. The building will have a life of 50 years with no salvage value. The county uses straight-line depreciation.
f)	Cash of $1,600,000 is received from a county gas tax; restricted for road maintenance.
g)	The county received investments valued at $3,000,000 as a donation from a grateful citizen. Income from these investments must be used to improve the county park.
h)	The restricted fund for parks reports $135,000 of interest income.
i)	The county transfers $750,000 cash to a capital projects fund to expand the county park.
j)	Constructs an open-air pavilion in the park for $75,000 cash. It is put into service on July 1 and should last 10 years with no salvage value.
k)	Builds a baseball field in the park for $25,000 cash and puts it into service on July 1. It should last for 10 years, but the county plans to maintain it so that it will last almost indefinitely.
l)	Buys fire station supplies for $15,000 cash and uses $12,800 of them during FY19/20.
m)	During the year pays salaries of $240,000 for the fire department.
n)	A review of the records shows that $242,875,000 of the property tax receivable has been collected.