Question
The City of Stromfield had the following partial list of pre-closing account balances in its General Fund as of June 30, 2015. Dr. Cr. Appropriations
The City of Stromfield had the following partial list of pre-closing account balances in its General Fund as of June 30, 2015.
Dr. Cr.
Appropriations Control $2,975,000
Budgetary Fund balance 385,000
Budgetary Fund Balance-Reserve for Encumbrances 107,000
Due to other funds 40,000
Encumbrances Control 107,000
Estimated other Financing Uses Control 300,000
Estimated Revenues Control 3,660,000
Expenditures Control 2,788,000
Fund Balance 272,000
Other Financing Uses Control- Transfers out 306,000
Revenues Control 3,768,000
Taxes Receivable-Delinquent 75,000
Vouchers payable 275,000
. Required: Prepare, in good form, a Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund for the year ended June 30, 2015.
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