Required information [The following information applies to the questions displayed below.] One amount is missing in the following trial balance of proprietary accounts, and another is missing from the trial balance of budgetary accounts of the Save Our Resources Commission of the federal government. This trial balance was prepared before budgetary accounts were adjusted, such as returning unused appropriations. The debits are not distinguished from the credits $ 134,000 5,350,000 4,500,000 SAVE OUR RESOURCES COMMISSION Preclosing Trial Balance September 30, 2020 Proprietary accounts: Accounts Payable Accumulated Depreciation-Plant and Equipment Appropriations Used Fund Balance with Treasury-2020 Operating Materials and Supplies Cumulative Results of Operations-10/1/19 Operating/Program Expenses Depreciation and Amortization Plant and Equipment Unexpended Appropriations-2020 Budgetary accounts: Other Appropriations Realized-2020 Expended Authority-2020 Undelivered Orders-2020 Allotments-2020 63,000 1,009,000 2,150,000 750,000 8,111,000 410,000 ? 4,500,000 310,000 100,000 In completing the assignment, assume that all assets are entity assets, Fund Balance with Treasury is an intragovernmental asset, and all other assets are governmental. Also, assume that Other Appropriations Realized-2019 were zero. Required a. Prepare the Statement of Budgetary Resources of the Save Our Resources Commission for 2020. a. Prepare the Statement of Budgetary Resources of the Save Our Resources Commission for 2020. SAVE OUR RESOURCES COMMISSION Statement of Budgetary Resources For the Year Ended September 30, 2020 Budgetary Resources: Budgetary Authority Status of Budgetary Resources: New Obligations & Upward Adjustments Total Status of Budgetary Resources Changes in Obligated Balance: Unpaid Obligations, Beginning of the Year New Obligaions & Upward Adjustments Outlays (Disbursements) Unpaid Obligations, End of Year $ 0 b. Prepare the Statement of Changes in Net Position of the Save Our Resources Commission for 2020. (Amounts to be deducted should be indicated with a minus sign.) SAVE OUR RESOURCES COMMISSION Statement of Changes in Net Position For the Year Ended September 30, 2020 Cumulative Results Unexpended of Operations Appropriations Beginning Balance Prior Period Adjustments Beginning Balance, Adjusted 0 0 Budgetary Funding Sources: Appropriations Received Appropriations Used Other Financing Sources Total Financing Sources Net Cost of Operations Ending Balances $ 0 $ c. Prepare the Balance Sheet of the Save Our Resources Commission for 2020. SAVE OUR RESOURCES COMMISSION Balance Sheet As of September 30, 2020 Assets Intragovernmental: Governmental: Total Assets $ 0 Liabilities Net Position 0 Total Net Position Total Liabilities and Net Position $ 0 Required information [The following information applies to the questions displayed below.] One amount is missing in the following trial balance of proprietary accounts, and another is missing from the trial balance of budgetary accounts of the Save Our Resources Commission of the federal government. This trial balance was prepared before budgetary accounts were adjusted, such as returning unused appropriations. The debits are not distinguished from the credits $ 134,000 5,350,000 4,500,000 SAVE OUR RESOURCES COMMISSION Preclosing Trial Balance September 30, 2020 Proprietary accounts: Accounts Payable Accumulated Depreciation-Plant and Equipment Appropriations Used Fund Balance with Treasury-2020 Operating Materials and Supplies Cumulative Results of Operations-10/1/19 Operating/Program Expenses Depreciation and Amortization Plant and Equipment Unexpended Appropriations-2020 Budgetary accounts: Other Appropriations Realized-2020 Expended Authority-2020 Undelivered Orders-2020 Allotments-2020 63,000 1,009,000 2,150,000 750,000 8,111,000 410,000 ? 4,500,000 310,000 100,000 In completing the assignment, assume that all assets are entity assets, Fund Balance with Treasury is an intragovernmental asset, and all other assets are governmental. Also, assume that Other Appropriations Realized-2019 were zero. Required a. Prepare the Statement of Budgetary Resources of the Save Our Resources Commission for 2020. a. Prepare the Statement of Budgetary Resources of the Save Our Resources Commission for 2020. SAVE OUR RESOURCES COMMISSION Statement of Budgetary Resources For the Year Ended September 30, 2020 Budgetary Resources: Budgetary Authority Status of Budgetary Resources: New Obligations & Upward Adjustments Total Status of Budgetary Resources Changes in Obligated Balance: Unpaid Obligations, Beginning of the Year New Obligaions & Upward Adjustments Outlays (Disbursements) Unpaid Obligations, End of Year $ 0 b. Prepare the Statement of Changes in Net Position of the Save Our Resources Commission for 2020. (Amounts to be deducted should be indicated with a minus sign.) SAVE OUR RESOURCES COMMISSION Statement of Changes in Net Position For the Year Ended September 30, 2020 Cumulative Results Unexpended of Operations Appropriations Beginning Balance Prior Period Adjustments Beginning Balance, Adjusted 0 0 Budgetary Funding Sources: Appropriations Received Appropriations Used Other Financing Sources Total Financing Sources Net Cost of Operations Ending Balances $ 0 $ c. Prepare the Balance Sheet of the Save Our Resources Commission for 2020. SAVE OUR RESOURCES COMMISSION Balance Sheet As of September 30, 2020 Assets Intragovernmental: Governmental: Total Assets $ 0 Liabilities Net Position 0 Total Net Position Total Liabilities and Net Position $ 0
