Prepare the following entries:

The Village of Tomball adopted a tax rate of $1.00 per $100 valuation for the general Fund and $.20 cents per $100 valuation.

The Appraisal District approved the tax roll of $10,000,000 (including all properties in the village). The Village estimated that 100% will be collectible. Record the Levy for the General Fund and

the Debt Service Fund.

The Village of Tomball adopted a budget totaling $13,000,000 in expenditures and $12,000,000 in projected revenues. The Mayor feels confident that they have enough money in their savings to pay for the excess expenditures. Record the budget.

The Village of Tomball estimated that they issue a contract for $100,000 for a new consultant to be paid from the general fund. Record the commitment issued to the consultant.