Required information [The following information applies to the questions displayed below) The following transactions occurred during the 2020 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 2020 was as follows: $2,048,000 387,000 412,000 77,000 2,924,000 Estimated Revenues: Taxes Licenses and permits Intergovernmental revenue Miscellaneous revenues Total estimated revenues Appropriations: General government Public safety Public works Health and welfare Miscellaneous Total appropriations Budgeted increase in fund balance 502,500 917,500 681,500 631,500 101,000 2,834,000 $ 90,000 2. Encumbrances issued against the appropriations during the year were as follows: General verratent Public Safety Public Works Health and welfare Miscellaneous Total $ 73,000 265,000 407,000 174,850 B6,000 $2.005.850 3. The current year's tax levy of $2,123,500 was recorded; uncollectibles were estimated as $80,000 4. Tax collections of the current year's levy totaled $1.474,000. The City also collected $147,000 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 Ternment Public safety Pablie works Health and welfare Miscellaneous Credit to Vouchers Payable 126,000 650,000 269.000 455.000 12,600 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14.770 Encumbrances had been recorded in the prior year for these items in the amount of $14.150. 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 $67,700 251,200 375.000 145.600 B6,000 Liability $ 67,200 255.900 372.000 115,100 Public Works Health and welfare Miscellaneous Credit to Vouchers Payable 269,000 454,000 12,600 $1,811, 600 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14.770. Encumbrances had been recorded in the prior year for these items in the amount of $14,150. 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 $ 67,700 251,200 375,000 145,600 86,000 $925,500 Estimated Liability $ 67,200 255,900 372,000 145, 100 86,000 $926,200 8. Revenue other than taxes collected during the year consisted of licenses and permits, $389,500; intergovernmental revenue, $416,500; and $82,500 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. Payments on Vouchers Payable totaled $2,520,000. Additional information follows: The General Fund Fund Balance-Unassigned account had a credit balance of $111,900 as of December 31, 2019; no entries have been made in the Fund BalanceUnassigned account during 2020. Required information Taxes Receivable Current 1.474.000 Governmental Activities 5. Record the personnel costs during the year 5 General Fund Governmental Activities 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14.770. Enoumbrances had been recorded in the prior year for these items in the amount of $14. 150. The amount chargeable to each years appropriations should be charged to the Public Safety appropriation ca General Fund Record the outstanding Encumbrances for 2019 66 Record the public safety expenditures 6c Governmental Activities Record the public safety expenses 7. Invoices were received and approved for payment for items ordered in documents recorded as encumbrances 78 General Fund Record the outstanding enoumbrances for 2020 Record the various expenditures 76 Governmental Record the various expenses include miscellaneous with general government) Revenue her than the collected during a year coated of lenses and permits 100.000 tergoverlevere 1410.000 82.500 of micelus teves. For purposes of account for reserveerde the powerment venues were operating grants and contributions for the safety functionees 8. Revenue other than a collected during the year consisted of licenses and permits, 3309.500 Provement revenue 3416,500 and $2.500 of miscellaneous revenues for purposes of accounting for these mees at the government de 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 Revenuestra poverment de level 8 General Fund Governmental Activities 9. Payments on Vouchers Payable totaled 32.520.000 9 General Fund Governmental Activities a-2 Post the above transactions into the appropriate subsidiary ledgers. CITY OF EVERGREEN General Fund Revenue Ledger Est Revenues Revenues Dr CH) CF (Dr) Balance Dr (CD) Account Descrip Taxes Budget Recorded Revenues Licenses and Permits Budget Recorded Revenues Intergovernmental Revenues Budget Recorded Revenues Miscellaneous Revenues Budget Recorded Revenues CITY OF EVERGREEN Appropriations/Encumbrance expenditures Ledger Encumbrances Expenditures Debit Credit Balance Debit Balance Appropriations Available Credit Balance Transaction Account Description General Government 1 Budget Authorization 2 Encumbrances issued 5 Payroll Invoices approved for paynsent 1 2 5 8 Public Safety Budget Authorization Enoumbrances issued Payroll Invoices for items ordered Invoices approved for payment 1 2 5 Public Works Budget Authorization Encumbrances issued Payrol Invoices approved for payment 7 1 2 5 Health and Welfare Budget Authorization Encumbrances issued Payroll Invoices approved for payment 7 1 2 5 Miscellaneous Budget Authorization Encumbcanoes issued Payrol Invoices approved for payment 7 Required information [The following information applies to the questions displayed below) The following transactions occurred during the 2020 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 2020 was as follows: $2,048,000 387,000 412,000 77,000 2,924,000 Estimated Revenues: Taxes Licenses and permits Intergovernmental revenue Miscellaneous revenues Total estimated revenues Appropriations: General government Public safety Public works Health and welfare Miscellaneous Total appropriations Budgeted increase in fund balance 502,500 917,500 681,500 631,500 101,000 2,834,000 $ 90,000 2. Encumbrances issued against the appropriations during the year were as follows: General verratent Public Safety Public Works Health and welfare Miscellaneous Total $ 73,000 265,000 407,000 174,850 B6,000 $2.005.850 3. The current year's tax levy of $2,123,500 was recorded; uncollectibles were estimated as $80,000 4. Tax collections of the current year's levy totaled $1.474,000. The City also collected $147,000 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 Ternment Public safety Pablie works Health and welfare Miscellaneous Credit to Vouchers Payable 126,000 650,000 269.000 455.000 12,600 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14.770 Encumbrances had been recorded in the prior year for these items in the amount of $14.150. 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 $67,700 251,200 375.000 145.600 B6,000 Liability $ 67,200 255.900 372.000 115,100 Public Works Health and welfare Miscellaneous Credit to Vouchers Payable 269,000 454,000 12,600 $1,811, 600 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14.770. Encumbrances had been recorded in the prior year for these items in the amount of $14,150. 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 $ 67,700 251,200 375,000 145,600 86,000 $925,500 Estimated Liability $ 67,200 255,900 372,000 145, 100 86,000 $926,200 8. Revenue other than taxes collected during the year consisted of licenses and permits, $389,500; intergovernmental revenue, $416,500; and $82,500 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. Payments on Vouchers Payable totaled $2,520,000. Additional information follows: The General Fund Fund Balance-Unassigned account had a credit balance of $111,900 as of December 31, 2019; no entries have been made in the Fund BalanceUnassigned account during 2020. Required information Taxes Receivable Current 1.474.000 Governmental Activities 5. Record the personnel costs during the year 5 General Fund Governmental Activities 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14.770. Enoumbrances had been recorded in the prior year for these items in the amount of $14. 150. The amount chargeable to each years appropriations should be charged to the Public Safety appropriation ca General Fund Record the outstanding Encumbrances for 2019 66 Record the public safety expenditures 6c Governmental Activities Record the public safety expenses 7. Invoices were received and approved for payment for items ordered in documents recorded as encumbrances 78 General Fund Record the outstanding enoumbrances for 2020 Record the various expenditures 76 Governmental Record the various expenses include miscellaneous with general government) Revenue her than the collected during a year coated of lenses and permits 100.000 tergoverlevere 1410.000 82.500 of micelus teves. For purposes of account for reserveerde the powerment venues were operating grants and contributions for the safety functionees 8. Revenue other than a collected during the year consisted of licenses and permits, 3309.500 Provement revenue 3416,500 and $2.500 of miscellaneous revenues for purposes of accounting for these mees at the government de 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 Revenuestra poverment de level 8 General Fund Governmental Activities 9. Payments on Vouchers Payable totaled 32.520.000 9 General Fund Governmental Activities a-2 Post the above transactions into the appropriate subsidiary ledgers. CITY OF EVERGREEN General Fund Revenue Ledger Est Revenues Revenues Dr CH) CF (Dr) Balance Dr (CD) Account Descrip Taxes Budget Recorded Revenues Licenses and Permits Budget Recorded Revenues Intergovernmental Revenues Budget Recorded Revenues Miscellaneous Revenues Budget Recorded Revenues CITY OF EVERGREEN Appropriations/Encumbrance expenditures Ledger Encumbrances Expenditures Debit Credit Balance Debit Balance Appropriations Available Credit Balance Transaction Account Description General Government 1 Budget Authorization 2 Encumbrances issued 5 Payroll Invoices approved for paynsent 1 2 5 8 Public Safety Budget Authorization Enoumbrances issued Payroll Invoices for items ordered Invoices approved for payment 1 2 5 Public Works Budget Authorization Encumbrances issued Payrol Invoices approved for payment 7 1 2 5 Health and Welfare Budget Authorization Encumbrances issued Payroll Invoices approved for payment 7 1 2 5 Miscellaneous Budget Authorization Encumbcanoes issued Payrol Invoices approved for payment 7