Prepare a statement of revenues, expenditures, and changes in fund balance for the City of Solomon Capital Projects Fund for 2020, given the following information:

Financial Statement Prepare a statement of revenues, expenditures, and changes in fund balance for the City of Solomon Capital Projects Fund for 2020, given the following information: Account Title Amount Fund balance, January 1, 2020 2,000,000 Intergovernmental grant revenue 850,000 Interest Revenue 30,000 Increase in fair value of investments 3,000 Construction expenditures 2,400,000 Architect fees 32,000 Engineering fees 17,000 Bond proceeds (face amount was $10,000,000) 1,008,000 Bond issuance costs 5,000 Purchase of Land 92,000 Repayment of bond notes (long-term debt) Principal 600,000 Interest Revenue 3,500 Transfer from General Fund 250,000 Construction contracts outstanding at year end 450,000