Q3. Following are December 31, 2013 trial balances (budgetary accounts excluded) for the General Fund, Debt Service Fund, and Capital Projects Fund for Hebert County. Prepare a governmental funds balance sheet and a statement of revenues, expenditures, and changes in fund balances as of and for the year ended December 31, 2013. The General Fund had encumbrances of $25 outstanding on December 31, 2013. Debits Credits General Fund Cash $ 1,900 Property taxes receivable - delinquent 330 Allowance for uncollectible property taxes $ 10 Accounts payable 120 Deferred revenues 250 Unassigned fund balance, January 1, 2013 1,720 Revenues - property taxes 3,200 Revenues - licenses and fees 350 Revenues - parks admissions fees 40 Investment income 220 Expenditures - general government 360 Expenditures - public safety 1,800 Expenditures - public works 840 Expenditures - parks and culture 350 Transfer out to Debt Service Fund 250 Transfer out to Capital Projects Fund A _ Totals $2.2m $2.2m Debt Service Fund Cash $70 Assigned fund balance, January 1, 2013 $60 Expenditures - bond principal 110 Expenditures - interest 130 Transfer in from General Fund _ @ Totals $112 $110 Capital Projects Fund Cash $240 Expenditures - capital outlay 420 Transfer in from General Fund $80 Proceeds of bonds m Totals $5.02 $9.09