The Balance Sheet of the General Fund of the City of Monroe as of December 31, 2019, follow. These (beginning) balances have been entered in the proper general ledger accounts, as of 1/1/2020. CITY OF MONROE General Fund Balance Sheet As of December 31, 2019 Assets Cash $503,000 Taxes receivable $210,000 Less: Estimated uncollectible taxes (37,000) net 173,000 Interest and penalties receivable on taxes 5,200 Less: Estimated uncollectible interest and penalties (950)