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Prepare a statement of revenues, expenditures, and changes in fund balance for the Street Improvement Bond Debt Service Fund for the year ended December 31,

Prepare a statement of revenues, expenditures, and changes in fund balance for the Street Improvement Bond Debt Service Fund for the year ended December 31, 2021.

Hint:

Statement of revenues, expenditures, and changes in fund balances - total revenues 666,983 total expenditures 132,500 excess of revenues over expenditures 534,483

fund balances 12/31 649,483

City of Smithville
Street Improvement Bond Debt Service Fund
Pre-closing Trial Balance
For year 2021
Debits Credits
Cash $ 311,687
Taxes Receivable-Delinquent 45,000
Allowance for Uncollectible Delinquent Taxes $ 20,000
Interest and Penalties Receivable on Taxes 3,600
Allowance for Uncollectible Interest and Penalties 180
Investments 317,500
Deferred Inflows of Resources 8,124
Fund Balance-Restricted 25,000
Budgetary Fund Balance 630,687
Estimated Revenues-Taxes 640,000
Estimated Revenues-Investment Income 5,687
Estimated Revenues-Accrued Interest on Bonds Sold 27,500
Estimated Other Financing Sources-Premium on Bonds 90,000
Revenues-Taxes 632,560
Revenues-Interest and Penalties on Taxes 2,736
Revenues-Investment Income 4,187
Revenues-Accrued Interest on Bonds Sold 27,500
Other Financing Sources-Premium on Bonds 90,000
Appropriations 132,500
Expenditures-Bond Interest 157,500
Totals for all accounts $ 1,598,474 $ 1,573,474

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