The finance director for the City of Green Falls printed the General Fund Revenues and Appropriations Ledgers shown below for the year just ended REVENUES LEDGER Est. Revenues Revenues Balance Ref. Account Description Dr(Cr) Estimated Revenues-Taxes-Real Property Cr(Dr) Dr(Cr) 102 Budget Authorization 6,952,400 6,952,400 103 Accrued Revenue 6,956,000 (3,600) 104 Previous Deferral 355,000 109 (358,6ee) Deferral (319,000) 110 (39.600) Budget Amendment 40, eee 400 111 Closing entry (6,992,400) 112 (6,992, 000) Closing entry (6,992,000) Estimated Revenues-Taxes-Sales 102 Budget Authorization 747,250 103 Received in Cash 747.250 110 Budget Amendment 720,600 26,650 750 111 (25,900) Closing Entry (721,350) (720,600) Closing Entry (720,600) 112 47,550 102 104 110 111 112 22.800 (25,100) (32,450) 24,250 (350) (22,800) Estimated Revenues-Interest and Penalties on Taxes Budget Authorization Previous Deferral Budget Amendment Closing Entry Closing Entry Estimated Revenues-Licenses and Permits Budget Authorization Received in Cash Closing Entry Closing Entry Estimated Revenues-Fines and Forfests Hudget Authorization Received in Cash Closing Entry 471,750 103 111 112 465,050 471,750 6.700 (465,050) (471,250) (465, 050) 102 103 111 499,250 504,850 499,250 (4,800) (504,050) (499, 250) 499,250 Estimated Revenues-Fines and Forfeits Budget Authorization Received in Cash Closing Entry Closing Entry 504,050 499,250 (4.880) (504,85e) (499,258) (584,050) 518,250 Estimated Revenues-Intergovernmental Revenue Budget Authorization Previous Deferral Received in Cash Budget Amendment Closing Entry Closing Entry 29,500 499,25e 518,250 488,75 (10,500) 600 (528,750) 11,180 (529,350) (528,750) 342,500 Estimated Revenues-Charges for Services Budget Authorization Received in Cash Budget Amendment Closing Entry Closing Entry 353,950 10,900 (353,400) 342,500 (11,450) (550) (353,950) (353,950) 219.ee Estimated Revenues-Miscellaneous Revenues Bludget Authorization Received in Cash Closing Entry Closing Entry 226,175 219,000 (7,175) (226,175) 0 (219.000) (226,175) APPROPRIATIONS LEDGER Enc. Enc. Enc. Increase Decrease Balance Exp. Dr(Cr) Exp. Balance Approp. Cr(r) Balance Cr(r) 1.909,750 385,250 385,250 Account Description Appropriations-General Government Budget Authorization Purchase Orders Payroll Elimination Goods Received Utilities and Other Budget Amendment 1.519.376 1,519,376 384,320 1,909,750 1,524,500 5,124 389,444 3,144 (8.856) 930 386,300 12.000 1,905,676 1,917,676 11,000 12,000 1,917,676 Utilities and other Budget Abendment Closing Entry Closing Entry 11,800 (2,920,758) (8,856) 2,144 (1,918,686) (930) (1,917,676) 3,591,25e 1,050,250 1,050, 250 2,496,644 2,496,644 1,044,850 5,400 1,045,000 40,000 3,541,644 3,581,644 Appropriations Public Safety Budget Authorization Purchase Orders Payroll Elimination Goods Received Utilities and other Budget Anendment Closing Entry Closing Entry Appropriations-Public Works Budget Authorization Purchase Orders Payroll Elimination Goods Received Budget Amendment Closing Entry Closing Entry 3,591,250 2,541,000 44,356 1,089,206 44,206 4,206 (6,794) (3,587,644) (5.400) (11.000) (3,580,250) (3,581,644) 1.783, 250 946, 460 946, 460 852,481 852,481 929,120 17,340 928,990 1,781,471 1,783, 250 836.790 (15,691) 913,429 (15,561) (4,561) (1.798,811) (17,340) 11,000 (1,794,250) (1,781,472) 1,111,750 642,335 642,335 Appropriations Health and Welfare Budget Authorization Purchase Orders Payroll Elimination Goods received Closing Entry Closint Entry 469,873 469,873 1,111,750 469,415 (458) 641, 877 172 (1,111,578) 542,335 e 643.705 (1,111,750) (1,111,578) I 1,126,000 Appropriations culture and Recreation Budget Authorization Purchase Order's Payroll Elimination 603, 770 603,770 522,14 527,064 1. 126,000 522,230 (4.834) 591,611 596,445 7.225 1,126,000 603.770 603, 770 527,854 527.264 596,445 7.325 1,126,000 522,230 (4,834 591,611 (7.189) (1.133,169) (7,325) 598.800 1,125,864 Appropriations-Culture and Recreation Budget Authorization Purchase Orders Payroll Elimination Goods Received Closing Entry Closing Entry Appropriations-Riscellaneous Budget Authorization Purchase Orders Elimination Goods Received Utilities and other Closing Entry Closing Entry (1.125,00) (1,125,854) 100,750 98.900 98,90 98.900 99,90 11,000 98.900 109,90 100.750 1,850 100, 750 1,850 (9,150 (109.900) (129,750) (109,900 The beginning-of-the-year fund balance was $159,260, Estimated and actual Other Financing Uses-Interfund Transfers Out totaled $51,000 Required a. From the ledger detail, reproduce the summary Journal entries recorded in the General Fund general Journal to close the operating statement and budgetary accounts at the end of the year. b. What are the amounts of encumbrances outstanding at year-end? c. Prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of the City of Green Falls for the prior year d. Prepare a budgetary comparison schedule for the General Fund of the City of Green Falls for the prior year. Required A Required B Required Required D From the ledger detall, reproduce the summary Journal entries recorded in the General Fund general Journal to close the operating statement and budgetary accounts at the end of the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Transaction Fund General Journal Debit Credit 1. Record from the ledger, the summary journal entries recorded to close the operating statement and budgetary accounts at the end of the year 1 General Fund Appropriations Estimated Other Financing Uses 51,000 Budgetary Fund Balance Estimated Revenues 2 Revenues Fund Balance-Unassigned Expenditures Other Financing Uses Road Required B > Required A Required B Required Required D What are the amounts of encumbrances outstanding at year-end? CITY OF GREEN FALLS Encumbrances Ledger Encumbrances Encumbrances Encumbrances Increase Decrease Balance Dr Cr Dr(Cr) Account/Description General Government Public Safety Public Works Culture and Recreation Required A Required B Required Required D Prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of the City of Green Falls for the prior year. CITY OF GREEN FALLS General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For the Year Ended Revenues Charges for services $ 353,950 Taxes-Property 6,992,000 Taxes-Sales 720,600 Interest and Penalties on Taxes 22,800 Licenses and Permits 465,050 Fines and Forfeits 504,050 Intergovernmental Revenue 528,750 Miscellaneous Revenues 226,175 9,813,375 Total Revenues Expenditures General Government Public Safety Public Works Health and Welfare Culture and Recreation Miscellaneous $ 1.917,676 3,581,644 1,781 471 1,111,5781 1,125,864 109,900 9,813,375 Total Revenues Expenditures General Government Public Safety Public Works Health and Welfare Culture and Recreation Miscellaneous $ 1,917,676 3,581,644 1,781,471 1,111,578 1,125,864 109,900 Total Expenditures Excess of Revenues over Expenditures Other Financing Sources (Uses) 9,628,133 185,242 Total Other Financing Sources (Uses) Increase in Fund Balances Fund Balances, January 1 Fund Balances, December 31 0 Required A Required B Required Required D Prepare a budgetary comparison schedule for the General Fund of the City of Green Falls for the prior year. CITY OF GREEN FALLS General Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For the Year Ended Budgeted Amounts Actual Amounts Original Final Budget Basis Revenues Variance with Final Budget Over (Under) 0 0 0 0 0 0 0 0 0 0 0 0 Total Revenues Expenditures 0 0 0 0 0 Expenditures 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Expenditures Excess of Revenues over Expenditures and encumbrances Other Financing Uses Increase in Encumbrances OIS Increase in Fund Balance Fund Balances, 1/1 Fund Balances, 12/31 0 0 0 0 0 0 0