The City of Orleans has the following balances in the accounts of its Capital Project Fund at year end. All accounts have normal balances. All amounts are in millions.

REQUIRED:

(A) Prepare a statement of revenues, expenditures and changes in fund balance and (B) Prepare a balance sheet with the following information listed below.

Cash $75

Deferred inflow of resources $20

Encumbrances $7

Expenditures $10

Fund Balance - Beginning of Year $15

Grants Receivable $15

Other financing sources $50

Other financing uses $10

Fund Balance - Reserved for encumbrances $30

Fund Balance - Unassigned $40

Investment Revenue $5

Revenues $20