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The Commissioners approved the budget for calendar year 2019. The unassigned fund balance at the beginning of the year was $25,000. No encumbrances were
The Commissioners approved the budget for calendar year 2019. The unassigned fund balance at the beginning of the year was $25,000. No encumbrances were outstanding and no supplies were on hand at the beginning or the end of the year. Estimated revenues: Property Taxes 500,000 Concession rentals 180,000 User Charges Appropriations: 85,000 Wages and salaries 280,000 Capital Equipment 250,000 Supplies 60,000 Budgeted Increase in Fund Balance Actual Revenues: Property Taxes 420,000 Concession rentals 185,000 User Charges 85,000 Actual Expenditures: Wages and salaries 260,000 Capital Equipment 238,000 Supplies 61,000 What is the ending fund balance? 156,000 O 131,000 25,000 175,000 765,000 590,000 175,000 690,000 559,000
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