PREPARE ALL GENERAL FUND JOURNAL ENTRIES (INCLUDING ALL CLOSING ENTRIES) FOR THE BELOW TRANSACTIONS FOR THE YEAR ENDED DECEMBER 31, 2006.

PLEASE PREPARE THE GENERAL FUNDS BALANCE SHEET FOR DECEMBER 31, 2006

3. PLEASE PREPARE THE GENERAL FUNDS STATEMENT OF REVENUE, EXPENDITURES AND CHANGE IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 2006.

TRANSACTIONS FOR CITY OF EDEN JANUARY 1, 2006 THROUGH DECEMBER 31, 2006.

1.Beginning balances in the General Funds Trial Balance at 01/01/06:

Name of account	Debit	Credit
Cash	$200,000
Tax Receivable Delinquent	40,000
Allowance for Uncollectible Taxes-Delinquent		$ 20,000
Inventory -supplies	20,000
Accounts Payable		15,000
Fund Balance Assigned for Encumbrances		20,000
Unassigned Fund Balance		205,000
TOTALS	$260,000	$260,000

2.The Budget for Y2006 is: ESTIMATED REVENUES $400,000 AND APPROPRIATIONS $350,000.

3.On March 1, 2006 Edens General fund issued a tax levy of $380,000 with a 5% allowance for uncollectible. These funds are for the general operating of the city.

4.On June 1, 2006 Edens General Fund collected $345,000 on the current tax receivable levy, and $20,000 on the delinquent tax receivables. The remaining delinquent property tax receivables at the beginning of the current year were now written off as uncollectible. The net realizable amounts at 12/31/2005 and 12/31/2006 were expected to be collected within 60 days after year end.

5.On July 15, 2006 Edens General Fund transferred $60,000 to the Water Utility Enterprise Fund (EF) in order to establish that fund. (this is for the City of Edens Water utility Enterprise Fund)

6.On September 30, 2006 the Utility EF billed Edens General Fund $50,000 for utilities used. Payment has not been made as of the end of the year.

7.On October 20^th, 2006 the General Fund ordered a new generator at an estimated cost of $31,000. This generator came in at an actual cost of $30,000 on November 1, 2006 and the General fund paid cash for this item at this time. This item has a 5 year life.

8.On December 31^st , 2006 the General Fund paid $4,000 for expenses related to the running of the City CivicCenter.

9.On July 1, 2006 Edens General fund ordered a new computer for $10,000 and a new desk for $2,000. On August 1, 2006 the new computer can in at an actual cost of $8,000 and this amount was paid at this time. The city expects to keep the computer for a useful life of 4 years.

10.The General Funds prior years order that was outstanding at year end came in on December 1, 2006 at an actual cost of $18,000 and was paid. (this was for supplies)

11.The General Fund paid the beginning accounts payable (on the trial balance at 01/01/05) on March 1, 2006.

12.As of December 31, 2006 year-end the supplies inventory left in the General fund was $5,000.

14. The City of Edens General Fund paid $150,000 for wages for the year 2006. These wages were all incurred and used up during the 2006 year.