The following information relates to actual results from Centrel Town's general fund for the year ended December 31, 20X1: Expenditures Revenues and Transfers Property tax collections: Current year taxes collected $600,00 Prior year taxes duc 12/1/Xe, collected 2/1/X1 51,080 Current year taxes due 12/1/X1, collection expected by 2/15/X2 71,020 Other cash receipts 152, ese General government expenditures: Salaries & wages $120.000 Other 185,22 Public safety & welfare expenditures: Salaries & wages 300,eee Other 110.ee Capital outlay 150,202 Transfer out to debt service fund 25,500 Other cash receipts include a county grant of $110,000 for a specified purpose, of which $70,000 was expended: $30,000 in fines: and $10,000 in fees. General Government Expenditures-Other includes employer contributions to the pension plan and $21,000 in annual capital lesse payments for computers over three years, the fair value and present velue st lesse inception are $51,000. Capital outlay is for police vehicles. Debt service represents annual interest payments due December 15 of each year on $510,000 fece value. 5 percent, 20-year term bonds. Capital Projects Fund Central Town's council approved $700,000 for construction of a fire station to be financed by $610,000 in general obligation bonds and a $160,000 state grant. Construction begon during 20x1, but the fire station was not completed until April 20x2. During 20x1, the following transactions were recorded: State grant Band proceeds Expenditures Unpaid invoices at year-end Outstanding cncumbrances at year-end, which do not lapse and are to be honored the following year $160,000 620,000 518,00 25,500 20,000 The unassigned fund balance in the capital projects fund at January 1, 20X1, was $100,000. Required: For questions (e) through 1). determine the December 31, 20X1. yesr-end amounts to be recognized in the particular fund. If the item is not reported in a particular fund but is reported on the governmentwide financial statements, specify the amount that would be reported on the financials. a. What amount was recorded for property tax revenues in the general fund? b. What amount was recorded for other revenues in the general fund? What amount was reported for capital lesses of computers in the governmentwide statement of net position? d. What amount was reported for the new police vehicles in the governmentwide statement of net position? e. What amount was reported for the debt service interest payment in the debt service fund? f. What was the total amount recorded for function expenditures in the general fund? g. What amount was recorded for revenues in the capital projects fund? h. What amount was reported for construction in progress in the governmentwide statement of net position? i. What amount was reported as the Fund Belance-Unassigned at December 31, 20x1, in the capital projects fund? . b. d. e. Property tax revenues Other revenues Capital leases of computers New police vehicles Debt service interest payment Total amount of function expenditures Revenues from capital projects fund Amount of construction in progress Fund balance unassigned 9. h
