**********Please prepare the Statement of Revenues, Expenditures and Changes in Fund Balance

and Fund Balance Sheet (if necessary). *******

Estimated bond proceeds..$6,000,000

Estimated grant revenues..$2,500,000

Estimated transfer from general fund$527,000

Appropriationsconstruction costs$8,907,000

Appropriationsbond issue costs$120,000

b. Cash..$6,005,000

Bond issue costs$115,000

Other financing sources bond proceeds (face value)$6,000,000

Other financing sources bond premium$120,000

c.Other financing use Nonreciprocal transfer to debt service fund.$5,000

Cash.$5,000

d. Cash$3,027,000

State grant (revenue)$2,500,000

Other financing sourcesNonreciprocal transfer from general fund$527,000

e.Encumbrance$8,890,000

Reserve for encumbrance.$8,890,000

f.Construction expenditures.$8,890,000

Cash. $8,890,000

Reserve for encumbrance.$8,890,000

Encumbrance $8,890,000

g.Other financing use - Nonreciprocal transfer to debt service fund..$137,000

Cash.$137,000

2. Prepare appropriate closing entries Appropriations construction costs..$8,907,000 Appropriations bond issue costs.$120,000 Fund balance..$120,000 Construction expenditures..$8,890,000 Bond issue costs..$115,000 Nonreciprocal transfer to the debt service fund..$142,00