Required Information [The following Information applies to the questions displayed below.] The following transactions occurred during the 2023 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation. 1. The budget prepared for the fiscal year 2023 was as follows: Estimated Revenues: Taxes Licenses and permits Intergovernmental revenue Miscellaneous revenues Total estimated revenues Appropriations: General government Public safety Public works $1,943,000 372,000 397,000 62,000 2,774,000 471,000 886,000 650,000 600,000 86,000 2,693,000 Health and welfare Miscellaneous Total appropriations Estimated Other Financing Uses: Estimated other financing uses-transfers out 22,000 Budgeted increase in fund balance $ 59,000 2. Encumbrances issued against the appropriations during the year were as follows: General government Public safety Public works Health and welfare Miscellaneous Total $ 58,000 250,000 392,000 160,000 71,000 $931,000 3. The current year's tax levy of $2,005,000 was recorded; uncollectibles were estimated to be $65,000. 4. Tax collections of the current year's levy totaled $1,459,000. The City also collected $132,000 in taxes from the prior year's levy in the first 60 days after year-end. (These delinquent collections had been anticipated prior to year-end.) 5. Personnel costs during the year were charged to the following appropriations in the amounts Indicated. Encumbrances were not recorded for personnel costs. Because no liabilities currently exist for withholdings, you may ignore any FICA or federal or state Income tax withholdings. (Expenditures charged to Miscellaneous should be treated as General Government expenses in the governmental activities general Journal at the government-wide level.) General government Public safety Public works Health and welfare Miscellaneous Credit to Vouchers Payable $ 411,000 635,000 254,000 439,000 11,100 $1,750,100 6. Invoices for all Items ordered during the prior year were received and approved for payment in the amount of $14,470. Encumbrances had been recorded in the prior year for these items in the amount of $14,000. The amount chargeable to each year's appropriations should be charged to the Public Safety appropriation. 7. Invoices were received and approved for payment for Items ordered in documents recorded as encumbrances in Transaction (2) of this problem. The following appropriations were affected. General government Public safety Public works Health and welfare Miscellaneous Actual Liability $ 52,700 Estimated Liability $ 52,200 236,200 240,900 360,000 357,000 130,600 130,100 71,000 $850,500 71,000 $851,200 8. Revenue other than taxes collected during the year consisted of licenses and permits, $373,000; Intergovernmental revenue, $400,000; and $66,000 of miscellaneous revenues. For purposes of accounting for these revenues at the government-wide level, the Intergovernmental revenues were operating grants and contributions for the Public Safety function. Miscellaneous revenues are not identifiable with any function and, therefore, are recorded as General Revenues at the government-wide level. 9. A transfer of $22,000 was made to the debt service fund for principal and Interest payments. 10. Payments on Vouchers Payable totaled $2,505,000. Additional Information follows: The General Fund Fund Balance- Unassigned account had a credit balance of $96,900 as of December 31, 2022; no entries have been made in the Fund Balance-Unassigned account during 2023. CITY OF EVERGREEN Appropriations/Encumbrances/Expenditures Ledger Encumbrances Expenditures Transaction Account/Description Debit Credit Balance Debit Balance Credit Appropriations Available Balance General Government 1 Budget Authorization 0 0 471,000 471,000 2 Encumbrances issued 58,000 58,000 0 0 413,000 5 Payroll 0 411,000 411,000 0 2,000 7 Invoices approved for payment 52,200 5,800 52,700 463,700 0 1,500 Public Safety 1 Budget Authorization 0 0 886,000 886,000 2 Encumbrances issued 250,000 250,000 0 0 636,000 5 Payroll 0 635,000 635,000 0 1,000 8 Invoices for items ordered 0 470 635,470 0 530 7 Invoices approved for 240,900 9,100 238,200 871,670 0 5,230 payment Public Works 1 Budget Authorization 0 650,000 650,000 2 Encumbrances issued 392,000 392,000 0 0 258,000 5 Payroll 0 254,000 254,000 0 4,000 7 Invoices approved for payment 357,000 35,000 360,000 614,000 1,000 Health and Welfare 1 Budget Authorization 0 0 600,000 600,000 2 Encumbrances issued 160,000 160,000 0 0 440,000 5 Payroll 0 439,000 439,000 0 1,000 7 Invoices approved for payment 130,100 29,900 130,600 569,600 0 500 Miscellaneous 0 86,000 86,000 0 0 15,000 11,100 11,100 0 3,900 0 71,000 82,100 0 3,900 1 Budget Authorization 0 2 Encumbrances issued 71,000 71,000 5 Payroll 0 7 Invoices approved for payment 71,000