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Prepare Statement of Revenues, Expenditures, and Changes in fund balance for year ended December 31, 2015, for the General Fund of Dallas City, given following
Prepare Statement of Revenues, Expenditures, and Changes in fund balance for year ended December 31, 2015, for the General Fund of Dallas City, given following information: Fund balance, January 1, 2015 1,000,000 Property tax revenues 10,000,000 Licenses and fees revenues 1,000,000 General capital asset sale proceeds 300,000 (Equal to book value less 10%) Accrued interest on long-term notes 800,000 Accrued interest on short-term notes 300,000 Public safety expenditures 2,500,000 High way and street expenditures 3,000,000 Purchases of equipment 1,700,000 Proceeds from issuance of short-term notes 900,000 Proceeds from issuance of long-term notes 800,000 Payments to retire long-term notes 1,500,000 Payments to retire short-term notes 600,000 Interest payments 300,000 Encumbrances 1,300,000 Transfer from Debt Service Fund 200,000 Transfer to Capital Project Fund 600,000
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