Preparation of appropriations ledger

The following transactions and events that occurred in Jeter City during calendar year 2022. 1. The city council adopted the following budget:

Adopted Budget
Revenues
Property taxes	$2,500,000
Sales taxes	1,400,000
Use of fund balance	50,000
Total	$3,950,000
Appropriations:
Streets and parkways:
Personal services	$780,000
Equipment	95,000
Operating supplies	125,000
All other appropriations	2,950,000
Total	$3,950,000

2. The Department of Streets and Parkways (S&P) took bids to purchase several items of equipment. The lowest bid came in at $105,000, which was greater than the amount appropriated for equipment. Jeter City's budget director, who had the authority to interchange budgetary appropriations amounts within a department, authorized a $10,000 reduction in the department's personal services appropriation and a corresponding increase in the equipment appropriation. 3. S&P entered into contract S&P 2022a for $105,000, charging the equipment appropriation. 4. S&P issued PO 22-1 for asphalt in the amount of $15,000, charging the operating supplies appropriation. 5. S&P received the equipment, and after inspecting all the items, approved the $105,000 invoice (related to contract in number 3) for payment. 6. S&P received the asphalt and approved the invoice of $15,000 for payment.