Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please complete a Statement of revenues, expenditures and changes in fund balance Revenues Property Taxes Sales Taxes Interest and Penalties on Taxes Licenses and Permits
please complete a Statement of revenues, expenditures and changes in fund balance
Revenues Property Taxes Sales Taxes Interest and Penalties on Taxes Licenses and Permits Intergovernmental Revenues Miscellaneous Revenues Total Revenues Expenditures Current: General Government Public Safety Highways and Streets Sanitation Health Welfare Culture and Recreation Capital Outlay Total Expenditures Excess (Deficiency) of Revenues Over Expenditures Other Financing Sources (Uses) Transfers Out Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance, January 1 Fund Balance, December 31 This information provided in the problem \begin{tabular}{|c|c|} \hline \multicolumn{2}{|l|}{ Revenues } \\ \hline Property Taxes. & $6,657,500 \\ \hline Sales Taxes & 2,942,000 \\ \hline Interest and Penalties on Taxes & 16,100 \\ \hline Licenses and Permits .. & 800,000 \\ \hline Intergovernmental Revenue & 332,000 \\ \hline Miscellaneous Revenue & 350,000 \\ \hline Total ... & $11,097,600 \\ \hline \multicolumn{2}{|l|}{ Expenditures } \\ \hline General Government . . . & $1,646,900 \\ \hline Public Safety . . . . . . . . & 3,026,900 \\ \hline Highways and Streets .. & 1,441,400 \\ \hline Sanitation . . . . . . . . & 591,400 \\ \hline Health . . . . . . . . & 724,100 \\ \hline Welfare ........... & 374,300 \\ \hline Culture and Recreation. & 917,300 \\ \hline Capital Outlay ........ & 492,800 \\ \hline Total ..... & $9,215,100 \\ \hline \end{tabular} Revenues Property Taxes Sales Taxes Interest and Penalties on Taxes Licenses and Permits Intergovernmental Revenues Miscellaneous Revenues Total Revenues Expenditures Current: General Government Public Safety Highways and Streets Sanitation Health Welfare Culture and Recreation Capital Outlay Total Expenditures Excess (Deficiency) of Revenues Over Expenditures Other Financing Sources (Uses) Transfers Out Total Other Financing Sources (Uses) Net Change in Fund Balance Fund Balance, January 1 Fund Balance, December 31 This information provided in the problem \begin{tabular}{|c|c|} \hline \multicolumn{2}{|l|}{ Revenues } \\ \hline Property Taxes. & $6,657,500 \\ \hline Sales Taxes & 2,942,000 \\ \hline Interest and Penalties on Taxes & 16,100 \\ \hline Licenses and Permits .. & 800,000 \\ \hline Intergovernmental Revenue & 332,000 \\ \hline Miscellaneous Revenue & 350,000 \\ \hline Total ... & $11,097,600 \\ \hline \multicolumn{2}{|l|}{ Expenditures } \\ \hline General Government . . . & $1,646,900 \\ \hline Public Safety . . . . . . . . & 3,026,900 \\ \hline Highways and Streets .. & 1,441,400 \\ \hline Sanitation . . . . . . . . & 591,400 \\ \hline Health . . . . . . . . & 724,100 \\ \hline Welfare ........... & 374,300 \\ \hline Culture and Recreation. & 917,300 \\ \hline Capital Outlay ........ & 492,800 \\ \hline Total ..... & $9,215,100 \\ \hline \end{tabular}Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started