The citizens of Dublin County approved the issuance of $2,000,000 in 6 percent general obligation bonds to finance the construction of a courthouse annex. A capital projects fund was established for that purpose. The pre-closing trial balance of the courthouse annex capital project fund follows:

Trial Balance-December 31, 2015					Debits		Credits
Cash					$900
Contract payable							$550
Due from state government					200
Encumbrances					85
Expenditures-capital					1,850
Intergovernmental grant							400
OFS: premium on bonds							45
OFS: proceeds sale of bonds							2,000
Budgetary fund balance-Reserve for encumbrances							85
Transfer Out					45
					$3,080		$3,080

Prepare any closing entries necessary at year-end.

Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the courthouse annex capital project fund.

Prepare a balance sheet for the Courthouse Annex Capital Project Fund, assuming all unexpended resources are restricted to construction of the courthouse annex.