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QUESTION 9 Below is a tentative budget Estimated Tentative Actual-20X7 Budget-20X8 Estimated Revenues: Property taxes begin{tabular}{rr} $2,800,000 & $2,900,000 300,000 & 400,000 hline

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QUESTION 9 Below is a tentative budget Estimated Tentative Actual-20X7 Budget-20X8 Estimated Revenues: Property taxes \begin{tabular}{rr} $2,800,000 & $2,900,000 \\ 300,000 & 400,000 \\ \hline 3,100,000 & 3,250,000 \\ \hline \end{tabular} Appropriations: Salaries and wages Other Excess of Estimated Revenues Over Appropriations 350,000 ? If the city wanted to have at least 1,100,000 in fund balance at the end of the year, what is the most that can be allocated for salaries and wages? a. 3,250,000 b. 2.900 .000 c. 3,300,000 0.3,450,000 Below is the variance column of a city's Statement of Revenues, Expenditures, and Changes in Fund Balance-Budget-toActual Which of the following statemeats is ture? Expenditures for Public Safety exceeded the budgeted amount b. Whether or not an expenditure category exceeded its budgeted amount cannot be determined from the information given c. Expenditures for Public Safety were less than the budgeted amount d. Expenditures for Public Safety exceeded encumbered amounts Funds for a school district foreign language program come from a special tax levy made for this purpose. The program is accounted for in one fund. Which of the following funds could be used for this activity? a.pecial Revenue Fund b. Agency Fund c. Enterprise Fund d. General Fund

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