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The following General Fund information is available for the preparation of the financial statements for the City of Eastern Shores for the year ended September
The following General Fund information is available for the preparation of the financial statements for the City of Eastern Shores for the year ended September 30, 2020: $27,520,000 13,816,000 1,324,000 1,721,000 2,368,000 654,000 Revenues: Property taxes Sales taxes Fees and fines Licenses and permits Intergovernmental Investment earnings Expenditures: Current: General government Public safety Public works Health and sanitation Culture and recreation Transfer to capital project fund Special item-proceeds from sale of land Fund balance, October 1, 2019 11,725,000 24,444,000 6,211,000 1,163,000 2,154,000 1,529,000 821,000 1,750,000 From the information given above, prepare a General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances for the City of Eastern Shores General Fund for the year ended September 30, 2020. (Negative entries should be entered with a minus sign and will appear in parenthesis.) CITY OF EASTERN SHORES General Fund Statements of Revenues, Expenditures, and Changes in Fund Balance For the Year Ended September 30, 2020 Revenues: Property Taxes Sales Taxes Fees and Fines Licenses and Permits Intergovernmental Revenues Investment Earnings $ 27,520,000 13,816,000 1,324,000 1,721,000 2,368,000 654,000 47,403,000 Total Revenues Expenditures: Current: General Government Public Safety Public Works Health and Sanitation Culture and Recreation 11,725,000 24,444,000 6,211,000 1.163.000 2,154,000 45,697,000 1,706,000 Total Expenditures Excess of Revenues Over Expenditures Other Financing Sources (Uses): Transfer to Capital Project Fund Special Item: Proceeds From Sale of Land Total Other Financing Sources (Uses) (1,529,000) 812,000 (717,000) Net Change in Fund Balance Fund Balance, Beginning of Year Fund Balance, End of Year 989,000 1,750,000 $ 2,739,000
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