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Prepare the closing entries for the general ledger accounts and the subsidiary ledgers of the Village of AIU general fund. General Fund Statement of Revenues,
Prepare the closing entries for the general ledger accounts and the subsidiary ledgers of the Village of AIU general fund.
| General Fund | ||||||||
| Statement of Revenues, Expenditures and Changes in Fund Balance - Budget to | ||||||||
| For the Year Ended June 30, 20X9 | ||||||||
| Original (and Final) Budget | Actual on Budgetary Basis | Variance Favorable/ Unfavorable | ||||||
| Revenues | ||||||||
| Taxes | $ 125,000.00 | $ 120,000.00 | $ (5,000.00) | unfavorable | ||||
| Interest & penalties | $ 20,000.00 | $ 21,500.00 | $ 1,500.00 | Favorable | ||||
| License, permits & fees | $ 35,000.00 | $ 30,750.00 | $ (4,250.00) | unfavorable | ||||
| Intergovernmental grants | $ 15,000.00 | $ 28,750.00 | $ 13,750.00 | Favorable | ||||
| Investment Revenue | $ 75,000.00 | $ 73,750.00 | $ (1,250.00) | unfavorable | ||||
| Miscellaneous Revenue | $ 5,000.00 | $ 7,450.00 | $ 2,450.00 | Favorable | ||||
| $275,000 | $282,200 | $ 7,200.00 | Favorable | |||||
| Expenditures | ||||||||
| General Government | $ 80,000.00 | $ 88,750.00 | $ 8,750.00 | Unfavorable | ||||
| Public Safety | $ 23,000.00 | $ 22,875.00 | $ (125.00) | Favorable | ||||
| Street & sanitation | $ 50,000.00 | $ 48,250.00 | $ (1,750.00) | Favorable | ||||
| Health & welfare | $ 35,000.00 | $ 41,000.00 | $ 6,000.00 | Unfavorable | ||||
| Community development | $ 12,000.00 | $ 10,400.00 | $ (1,600.00) | Favorable | ||||
| Parks & recreation | $ 25,000.00 | $ 27,500.00 | $ 2,500.00 | Unfavorable | ||||
| $ 225,000.00 | $238,775 | $ 13,775.00 | Unfavorable | |||||
| Excess of Revenues over | $50,000.00 | $43,425 | $ (6,575.00) | Favorable | ||||
| Expenditures | ||||||||
| Fund Balance, July 1, 20X8 | $ 75,000.00 | $ 75,000.00 | ||||||
| Fund Balance, June 30, 20X9 | $125,000 | $118,425 | -$6,575 | Unfavorable | ||||
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