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 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.

DebitsCredits

General Fund

Cash$1,900

Property taxes receivable - delinquent330

Allowance for uncollectible property taxes$10

Accounts payable120

Deferred revenues250

Unassigned fund balance, January 1, 20131,720

Revenues - property taxes3,200

Revenues - licenses and fees350

Revenues - parks admissions fees40

Investment income220

Expenditures - general government360

Expenditures - public safety1,800

Expenditures - public works840

Expenditures - parks and culture350

Transfer out to Debt Service Fund250

Transfer out to Capital Projects Fund80____Totals$5,910 $5,910

Debt Service Fund

Cash$70

Assigned fund balance, January 1, 2013$60

Expenditures - bond principal110

Expenditures - interest130

Transfer in from General Fund___250

Totals$310$310

Capital Projects Fund

Cash$240

Expenditures - capital outlay420

Transfer in from General Fund$80

Proceeds of bonds___580

Totals$660$660