Problem

Dease City is a governmental organization that has governmental-type funds and reports both government wide financial statements and fund financial statements.

This question represents a transaction by governmental-type funds and account groups based on the following selected information taken from Dease City's 20X6 financial records:

General fund

Fund balance at beginning of 20X6 $700,000

20X6 estimated revenues 10,000,000

20X6 actual revenues 10,500,000

20X6 appropriations 9,000,000

20X6 expenditures 8,200,000

Encumbrances at end of 20X6 500,000

Vouchers payable at end of 20X6 300,000

20X6 transfers in 100,000

20X6 property tax levy 9,500,000

20X6 property taxes estimated to be uncollectible when

property tax levy for 20X6 recorded 100,000

20X6 property taxes delinquent at end of 20X6 150,000

Capital projects fund

20X6 operating transfers in construction of new library

wing started and completed in 20X6 100,000

• Proceeds from bonds issued at 100 in 20X6 2,000,000
• Expenditures for 20X6 2,100,000

What was the net amount credited to the budgetary fund balance when the budget was approved?

What was the amount of property taxes collected on the property tax levy for 20X6?

What amount for the new library wing was included in the capital projects fund balance at the end of 20X6?

What amount for the new library wing was charged to the general capital assets line item in the governmental activities column of the government wide statement of net assets at the end of 20X6?

What amount for the new library wing bonds was included in the general long-term liabilities line of the government activities column of the government wide statement of net assets at the end of 20X6?

Could you please provide Complete Solution with Detailed Explanation