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Problem 16-40 (Static) (LO 16-4, 16-5, 16-6, 16-7, 16-8, 16-9, 16-10, 16-11) The following unadjusted trial balances are for the governmental funds of the City
Problem 16-40 (Static) (LO 16-4, 16-5, 16-6, 16-7, 16-8, 16-9, 16-10, 16-11)
The following unadjusted trial balances are for the governmental funds of the City of Copeland.
| General Fund | Debit | Credit | |||||
| Cash | $ | 19,000 | |||||
| Taxes Receivable | 202,000 | ||||||
| Allowance for Uncollectible Taxes | $ | 2,000 | |||||
| Vouchers Payable | 24,000 | ||||||
| Due to Debt Service Fund | 10,000 | ||||||
| Unavailable Revenues | 16,000 | ||||||
| Encumbrances Outstanding | 9,000 | ||||||
| Fund BalanceUnassigned | 103,000 | ||||||
| Revenues | 176,000 | ||||||
| Expenditures | 110,000 | ||||||
| Encumbrances | 9,000 | ||||||
| Estimated Revenues | 190,000 | ||||||
| Appropriations | 171,000 | ||||||
| Budgetary Fund Balance | 19,000 | ||||||
| Totals | $ | 530,000 | $ | 530,000 | |||
| Debt Service Fund | Debit | Credit | |||||
| Cash | $ | 8,000 | |||||
| Investments | 51,000 | ||||||
| Taxes Receivable | 11,000 | ||||||
| Due from General Fund | 10,000 | ||||||
| Fund BalanceCommitted | $ | 45,000 | |||||
| Revenues | 20,000 | ||||||
| Other Financing SourcesOperating Transfers In | 90,000 | ||||||
| Expenditures | 75,000 | ||||||
| Totals | $ | 155,000 | $ | 155,000 | |||
| Capital Projects Fund | Debit | Credit | |||||
| Cash | $ | 70,000 | |||||
| Special Assessments Receivable | 90,000 | ||||||
| Contracts Payable | $ | 50,000 | |||||
| Unavailable Revenues | 90,000 | ||||||
| Encumbrances Outstanding | 16,000 | ||||||
| Fund BalanceUnassigned | 0 | ||||||
| Other Financing Sources | 150,000 | ||||||
| Expenditures | 130,000 | ||||||
| Encumbrances | 16,000 | ||||||
| Estimated Other Financing Sources | 150,000 | ||||||
| Appropriations | 150,000 | ||||||
| Totals | $ | 456,000 | $ | 456,000 | |||
| Special Revenue Fund | Debit | Credit | |||||
| Cash | $ | 14,000 | |||||
| Taxes Receivable | 41,000 | ||||||
| Inventory of Supplies | 4,000 | ||||||
| Vouchers Payable | $ | 25,000 | |||||
| Grant Revenues Collected in Advance | 3,000 | ||||||
| Fund BalanceNonspendable | 4,000 | ||||||
| Encumbrances Outstanding | 3,000 | ||||||
| Fund BalanceUnassigned | 19,000 | ||||||
| Revenues | 56,000 | ||||||
| Expenditures | 48,000 | ||||||
| Encumbrances | 3,000 | ||||||
| Estimated Revenues | 75,000 | ||||||
| Appropriations | 60,000 | ||||||
| Budgetary Fund Balance | 15,000 | ||||||
| Totals | $ | 185,000 | $ | 185,000 | |||
Based on the information presented for each of these governmental funds, answer the following question:
a. How much more money can city officials expend or commit from the General Fund during the remainder of the current year without amending the budget?
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