The following information relates to actual results from Central Town's general fund for the year ended December 31, 20X1 Expenditures and Transfer Revenues Property tax collections: Current year taxes collected Prior-year taxes due 12/1/X0, collected 2/1/X1 Current year taxes due 12/1/X1, collection expected by 2/15/X2 $700,000 61,000 81,000 250,000 Other cash receipts General government expenditures Salaries and wages Other $ 220,000 155,000 Public safety and welfare expenditures 260,000 160,000 220,000 61,000 Salaries and wages Other Capital outlay Transfer out to debt service fund Other cash receipts include a county grant of $190,000 for a specified purpose, of which $105,000 was expended; $40,000 in fines, and $20,000 in fees General Government Expenditures-Other includes employer contributions to the pension plan and $31,000 in annual capital lease payments for computers over three years; the fair value and present value at lease inception are $61,000 Capital outlay is for police vehicles Debt service represents annual interest payments due December 15 of each year on $610,000 face value, 10 percent, 20-year term bonds Capital Projects Fund Central Town's council approved $900,000 for construction of a fire station to be financed by $710,000 in general obligation bonds and a $190,000 state grant. Construction began during 20X1, but the fire station was not completed until April 20X2. During 20X1, the following transactions were recorded