The following information pertains to the City of Williamson for 2017, its first year of legal existence. For convenience, assume that all transactions are for the general fund, which has three separate functions: general government, public safety, and health and sanitation. Receipts: Property taxes $320,000 Franchise taxes 42,000 Charges for general government services 5,000 Charges for public safety services 3,000 Charges for health and sanitation services 42,000 Issued long-term note payable 200,000 Receivables at end of year: Property taxes (90% estimated to be collectible) 90,000 Payments: Salary: General government Public safety Health and sanitation Rent: 66,000 39,000 22,000 General government Public safety Health and sanitation Maintenance: 11,000 18,000 3,000 General government 21,000 Public safety 5,000 Health and sanitation 9,000 Insurance: General government 8,000 Public safety ($2,000 still prepaid at end of year) 11,000 Health and sanitation 12,000 Interest on debt 16,000 Principal payment on debt 4,000 Storage shed 120,000 Equipment 80,000 Supplies (20% still held) (public safety) Investments Ordered but not received: Equipment 15,000 90,000 12,000