Question
The following information is taken from the trial balance fo the general obligation debt service fund fo the city of milwaukee, wisconsin, at december 31,
The following information is taken from the trial balance fo the general obligation debt service fund fo the city of milwaukee, wisconsin, at december 31, 2015. Prepare the statement of revenues, Expenditures, and changes in fund balance for this debt service fund for the year ended december 31, 2915
city of milwaukee wisconsin general obligation debt service fund partial trial balance december 31,2015
deferred revenues 128,823 (cr) fund balance 43,807 (cr) property tax revenue 59,942 (cr) other tax revenue 14,695 (cr) investment revenues 3,418 (cr) other revenues 8,214 (cr) refunding bond issued - face value 28,112 (cr) refunding bond issued - premium 12,209cr) transfers in 131,930 (cr) expenditures - debt principal retirement 81,206 (dr) expenditures-interest 29,593 (dr) bond issue costs 750 (dr) payment to refunded bond escrow agent 39,571 (dr)
fund balance 43,807
property tax revenue
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