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Sleepy Hollow's General Fund budget for fiscal 2022 is based on the following estimated revenues and appropriations. Is Sleepy Hollow projecting a budgetary surplus or

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Sleepy Hollow's General Fund budget for fiscal 2022 is based on the following estimated revenues and appropriations. Is Sleepy Hollow projecting a budgetary surplus or a deficit for 20227 Prepare the journal entry to record the 2022 budge Estimated Revenue Appropriations Property taxes $2,000,000 Administration $425,000 Sales taxes 720,000 Public safety 1,500,000 Licenses and permits 120,000 Streets 630,000 Fines and forfeits 8,500 Parks and recreation 367,000 G

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