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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 $159 (in thousands) and that the budget was not amended during the year. Taxes City of Greenville General Fund Subsidiary Ledger Account Balances (in thousands) For the Fiscal Year Debits Credits Estimated Revenue 6,048 Fines & Forfeits 303 Intergovernmental Revenue 506 Charges for Services 370 Revenues Taxes 6,063 Fines & Forfeits 308 Intergovernmental Revenue 506 Charges for Services 367 Appropriations General Government 1,642 Public Safety 3,375 Public Works 1,453 Culture & Recreation 724 Estimated Other Financing Uses Interfund Transfers Out 56 Expenditures General Government 1,622 Public Safety 3,355 Public Works 1,443 Culture & Recreation 712 Encumbrances General Government 19 Public Safety 18 Public Works 8 Culture & Recreation 0 Other Financing Uses Interfund Transfers Out 56 Required a. Prepare a General Fund statement of revenues, expenditures, and changes in fund balance. b. Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis). Complete this question by entering your answers in the tabs below. Required A Required B Prepare a General Fund statement of revenues, expenditures, and changes in fund balance. (Enter your answers in thousands.) CITY OF GREENVILLE General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances For the Fiscal Year (Amounts in Thousands) Revenues: Taxes $ 6,063 Fines and Forfeits Intergovernmental Revenue Charges for Services 308 506 367 7,244 1,622 Total Revenues Expenditures: General Government Public Safety Public Works Culture and Recreation 3,355 1,443 724 7,144 56 Total Expenditures Other Financing Sources and (Uses) Interfund Transfers Out Change in Fund Balances Fund Balances, January 1 Fund Balances, December 31 100 159 $ 259 Required A. Required B Required A Required B Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis). (Enter your answers in thousands. Input all amounts as positive values.) CITY OF GREENVILLE General Fund Schedule of Revenues, Expenditures, and Changes in Fund BalancesBudget and Actual For the Fiscal Year (Amounts in Thousands) Budgeted Amounts Actual Variance with Amounts Final Budget Original Final Budget Basis Over (Under) Revenues Taxes $ 6,048 $ 6,048 $ 6,063 $ 15 Fines and Forfeits 303 303 308 5 Intergovernmental Revenue 506 506 506 0 Charges for Services 370 3701 367 (3) 0 7,227 7,227 7,244 17 Total Revenues Expenditures and Encumbrances General Government Public Safety Public Works Culture and Recreation 1,642 3,355 1,453 1,642 3,355 1,453 (1,642) (3,355) (1,453) (724) 724 724 0 7,174 7,174 0 (7,174) 0 Total Expenditures Excess of Revenue Over Expenditures Other Financing Sources and (Uses) Interfund Transfers Out 0 0 0 0 0 0 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 0 0 0 0 0 $ 0 $ 0 $ 0 $ 0