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The following transactions occurred during the 2020 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation. 1. The budget prepared for the fiscal year 2020 was as follows: $2,062,000 389,000 414,000 79,000 2,944,000 Estimated Revenues: Taxes Licenses and permits Intergovernmental revenue Miscellaneous revenues Total estimated revenues Appropriations: General government Public safety Public Works Health and welfare Miscellaneous Total appropriations Budgeted increase in fund balance 506, 700 921,700 685,700 635, 700 103,000 2,852,800 $ 91,200 2. Encumbrances issued against the appropriations during the year were as follows: General government Public safety Public works Health and welfare Miscellaneous Total $ 75,000 267,000 409,000 176,830 88,000 $1,015,830 3. The current year's tax levy of $2,139,300 was recorded; uncollectibles were estimated as $82,000 4. Tax collections of the current year's levy totaled $1,476,000. The City also collected $149,000 in taxes from the prior year's levy in the first 60 days after year end. (These delinquent collections had been anticipated prior to year-end.) 5. Personnel costs during the year were charged to the following appropriations in the amounts indicated. Encumbrances were not recorded for personnel costs. Because no liabilities currently exist for withholdings, you may ignore any FICA or federal or state income tax withholdings. (Expenditures charged to Miscellaneous should be treated as General Government expenses in the governmental activities general journal at the government-wide level.) General government Public safety Public works Health and welfare Miscellaneous Credit to Vouchers Payable $ 428,000 652,000 271,000 456,000 12,800 $1,819,800 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14,810. Encumbrances had been recorded in the prior year for these items in the amount of $14,170. The amount chargeable to each year's appropriations should be charged to the Public Safety appropriation. 7. Invoices were received and approved for payment for items ordered in documents recorded as encumbrances in Transaction (2) of this problem. The following appropriations were affected. General government Public safety Public works Health and welfare Miscellaneous Actual Liability $ 69, 700 253,200 377,000 147,600 88,000 $935,500 Estimated Liability $ 69,200 257,900 374,000 147, 100 88,000 $936,200 8. Revenue other than taxes collected during the year consisted of licenses and permits, $391,700; intergovernmental revenue, $418,700; and $84,700 of miscellaneous revenues. For purposes of accounting for these revenues at the government-wide level, the intergovernmental revenues were operating grants and contributions for the Public Safety function. Miscellaneous revenues are not identifiable with any function and, therefore, are recorded as General Revenues at the government- wide level. 9. Payments on Vouchers Payable totaled $2,522,000. Additional information follows: The General Fund Fund Balance-Unassigned account had a credit balance of $113,900 as of December 31, 2019; no entries have been made in the Fund Balance-Unassigned account during 2020. Award: 7.50 points Required a-1. Prepare general journal for fiscal year 2020 for the General Fund and for the governmental activities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) General Journal Debit Credit Transaction Fund / Governmental Activties 1. Record the budget estimates and appropriations. General Fund Estimated Revenues Appropriations 1 Governmental Activities 2. Record the encumbrances issued against the appropriations during the year. 2 General Fund Governmental Activities 3. The current year's tax levy of $2,139,300 was recorded; uncollectibles were estimated as $82,000. 3 General Fund Governmental Activities 4. Tax collections of the current year's levy totaled $1,476,000; collections from prior years' levies totaled $149,000. General Fund 4 Governmental Activities 5. Record the personnel costs during the year. 5 General Fund Governmental Activities 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14,810. Encumbrances had been recorded in the prior year for these items in the amount of $14,170. The amount chargeable to each year's appropriations should be charged to the Public Safety appropriation. General Fund Record the outstanding Encumbrances for 2019. 6b Record the public safety expenditures. 6C Governmental Activities Record the public safety expenses. 7. Invoices were received and approved for payment for items ordered in documents recorded as encumbrances. 7a General Fund Record the outstanding encumbrances for 2020. 7b Record the various expenditures. 7c Governmental Activities Record the various expenses include miscellaneous with general government.) 8. Revenue other than taxes collected during the year consisted of licenses and permits, $391,700; intergovernmental revenue, $418,700; and $84,700 of miscellaneous revenues. For purposes of accounting for these revenues at the government-wide level, the intergovernmental revenues were operating grants and contributions for the Public Safety function. Miscellaneous revenues are not identifiable with any function and, therefore, are recorded as General Revenues at the government-wide level. 8 General Fund Governmental Activities 9. Payments on Vouchers Payable totaled $2,522,000. 9 General Fund Governmental Activities a-2. Post the above transactions into the appropriate subsidiary ledgers. CITY OF EVERGREEN General Fund Revenue Ledger Est Revenues Dr (Cr) Account Description Revenues Cr (Dr) Balance Dr (Cr) Taxes Budget Recorded Revenues 0 Licenses and Permits Budget Recorded Revenues 0 Intergovernmental Revenues Budget Recorded Revenues 0 Miscellaneous Revenues Budget Recorded Revenues 0 CITY OF EVERGREEN Appropriations/Encumbrances/Expenditures Ledger Encumbrances Expenditures Appropriations Available Credit Balance Transaction Account/Description Debit Credit Balance Debit Balance 1 2 General Government Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7 1 2 Public Safety Budget Authorization Encumbrances issued Payroll Invoices for items ordered Invoices approved for payment 5 6 7 1 2 Public Works Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7 1 2 Health and Welfare Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7 1 2 Miscellaneous Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7 The following transactions occurred during the 2020 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation. 1. The budget prepared for the fiscal year 2020 was as follows: $2,062,000 389,000 414,000 79,000 2,944,000 Estimated Revenues: Taxes Licenses and permits Intergovernmental revenue Miscellaneous revenues Total estimated revenues Appropriations: General government Public safety Public Works Health and welfare Miscellaneous Total appropriations Budgeted increase in fund balance 506, 700 921,700 685,700 635, 700 103,000 2,852,800 $ 91,200 2. Encumbrances issued against the appropriations during the year were as follows: General government Public safety Public works Health and welfare Miscellaneous Total $ 75,000 267,000 409,000 176,830 88,000 $1,015,830 3. The current year's tax levy of $2,139,300 was recorded; uncollectibles were estimated as $82,000 4. Tax collections of the current year's levy totaled $1,476,000. The City also collected $149,000 in taxes from the prior year's levy in the first 60 days after year end. (These delinquent collections had been anticipated prior to year-end.) 5. Personnel costs during the year were charged to the following appropriations in the amounts indicated. Encumbrances were not recorded for personnel costs. Because no liabilities currently exist for withholdings, you may ignore any FICA or federal or state income tax withholdings. (Expenditures charged to Miscellaneous should be treated as General Government expenses in the governmental activities general journal at the government-wide level.) General government Public safety Public works Health and welfare Miscellaneous Credit to Vouchers Payable $ 428,000 652,000 271,000 456,000 12,800 $1,819,800 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14,810. Encumbrances had been recorded in the prior year for these items in the amount of $14,170. The amount chargeable to each year's appropriations should be charged to the Public Safety appropriation. 7. Invoices were received and approved for payment for items ordered in documents recorded as encumbrances in Transaction (2) of this problem. The following appropriations were affected. General government Public safety Public works Health and welfare Miscellaneous Actual Liability $ 69, 700 253,200 377,000 147,600 88,000 $935,500 Estimated Liability $ 69,200 257,900 374,000 147, 100 88,000 $936,200 8. Revenue other than taxes collected during the year consisted of licenses and permits, $391,700; intergovernmental revenue, $418,700; and $84,700 of miscellaneous revenues. For purposes of accounting for these revenues at the government-wide level, the intergovernmental revenues were operating grants and contributions for the Public Safety function. Miscellaneous revenues are not identifiable with any function and, therefore, are recorded as General Revenues at the government- wide level. 9. Payments on Vouchers Payable totaled $2,522,000. Additional information follows: The General Fund Fund Balance-Unassigned account had a credit balance of $113,900 as of December 31, 2019; no entries have been made in the Fund Balance-Unassigned account during 2020. Award: 7.50 points Required a-1. Prepare general journal for fiscal year 2020 for the General Fund and for the governmental activities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) General Journal Debit Credit Transaction Fund / Governmental Activties 1. Record the budget estimates and appropriations. General Fund Estimated Revenues Appropriations 1 Governmental Activities 2. Record the encumbrances issued against the appropriations during the year. 2 General Fund Governmental Activities 3. The current year's tax levy of $2,139,300 was recorded; uncollectibles were estimated as $82,000. 3 General Fund Governmental Activities 4. Tax collections of the current year's levy totaled $1,476,000; collections from prior years' levies totaled $149,000. General Fund 4 Governmental Activities 5. Record the personnel costs during the year. 5 General Fund Governmental Activities 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14,810. Encumbrances had been recorded in the prior year for these items in the amount of $14,170. The amount chargeable to each year's appropriations should be charged to the Public Safety appropriation. General Fund Record the outstanding Encumbrances for 2019. 6b Record the public safety expenditures. 6C Governmental Activities Record the public safety expenses. 7. Invoices were received and approved for payment for items ordered in documents recorded as encumbrances. 7a General Fund Record the outstanding encumbrances for 2020. 7b Record the various expenditures. 7c Governmental Activities Record the various expenses include miscellaneous with general government.) 8. Revenue other than taxes collected during the year consisted of licenses and permits, $391,700; intergovernmental revenue, $418,700; and $84,700 of miscellaneous revenues. For purposes of accounting for these revenues at the government-wide level, the intergovernmental revenues were operating grants and contributions for the Public Safety function. Miscellaneous revenues are not identifiable with any function and, therefore, are recorded as General Revenues at the government-wide level. 8 General Fund Governmental Activities 9. Payments on Vouchers Payable totaled $2,522,000. 9 General Fund Governmental Activities a-2. Post the above transactions into the appropriate subsidiary ledgers. CITY OF EVERGREEN General Fund Revenue Ledger Est Revenues Dr (Cr) Account Description Revenues Cr (Dr) Balance Dr (Cr) Taxes Budget Recorded Revenues 0 Licenses and Permits Budget Recorded Revenues 0 Intergovernmental Revenues Budget Recorded Revenues 0 Miscellaneous Revenues Budget Recorded Revenues 0 CITY OF EVERGREEN Appropriations/Encumbrances/Expenditures Ledger Encumbrances Expenditures Appropriations Available Credit Balance Transaction Account/Description Debit Credit Balance Debit Balance 1 2 General Government Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7 1 2 Public Safety Budget Authorization Encumbrances issued Payroll Invoices for items ordered Invoices approved for payment 5 6 7 1 2 Public Works Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7 1 2 Health and Welfare Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7 1 2 Miscellaneous Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7