The following information is provided for the Capital Projects Fund for the San Jacinto County Courthouse:

$1$ In June $2022,$ a $$10,000,000$ bond referendum is voted for and approved by the citizens of San Jacinto County for the construction of a new courthouse.

$2$ On July $1,2022,$ a Capital Projects Fund is established for this project with a transfer of $$500,000$ from the General Fund.

$3$ The county commissioners approve another $$3,000,000$ transfer of General Fund monies previously committed for this project. The transfer order calls for $$2,000,000$ to be sent to the Courthouse Capital Projects Fund to begin construction of the courthouse and $$1,000,000$ to the Courthouse Debt Service Fund to help satisfy the bond indenture requirements. The finance director completes these transfers on August $1,2022.$

$4$ The county signs a contract for $$10,000,000$ on August $5,2022,$ for construction of the new courthouse.

$5$ On January $2,2023,$ the county issues the $$10,000,000$ face value courthouse bonds at $101,$ minus issue costs of $$90,000.$ Also on this date, the county receives a $$2,000,000$ bill from the contractor for the work completed to date.

$6$ According to the bond covenants, the county transfers the bond premium $($net of bond issuance costs$)$ to the Courthouse Debt Service Fund on January $4,2023.$

$7$ On January $31,2023,$ the county pays the contractor's bill from January $2$nd$,$ less a $5\%$ retainage.

$8$ On June $30,2023,$ the county receives $$80,000$ from the bank for interest on idle cash and a $$1,250,000$ bill from the contractor for work completed between January $1$st and fiscal year end.

Required:

A$.$Prepare the journal entries for the Courthouse Capital Projects Fund for $2022$ and $2023.$

B$.$ Prepare the Statement of Revenues, Expenditures, and Changes in Fund Balance for the Courthouse Capital Projects Fund for the year ended June $30,2023.$

For B: Statement of Revenues, Expenditures, and Changes in Fund Balance

Courthouse Capital Projects Fund

For the year ended June $30,2023.$

Revenues:

Interest

Expenditures:

Capital outlays

Debt service$--$Bond Issue Costs

Total Expenditures

Excess $($Deficiency$)$ of Revenues Over $($under$)$ Expenditures $-$

Other financing sources and $($Uses$)$:

Transfers from General Fund

Bonds

Bond Premium

Transfer to Courthouse Debt Service Fund

Total Other Financing Sources $($Uses$)$

Net Change in Fund Balance

Fund balance July $1,2022$

Fund balance June $30,2023$