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The following information was available for the General Fund of the City of San Dimas for the Year Ended December 31, 2018: Revenues for the
The following information was available for the General Fund of the City of San Dimas for the Year Ended December 31, 2018:
- Revenues for the year included property taxes in the amount of $6,612,000, fines and forfeits in the amount of $ 700,000, and miscellaneous in the amount of $400,000.
- Expenditures from current appropriations included: general government, $4,847,000; public safety, $1,884,000; culture and recreation, 812,000.
- In addition to (b) above, expenditures related to prior year appropriations (encumbered last year) amounted to $40,000 (public safety). Encumbrances issued this year but not filled amounted to $60,000 (general government).
- A transfer was made from the General Fund to a debt service fund in the amount of $500,000. A transfer was made from an enterprise fund to the General Fund in the amount of $450,000.
- Beginning balances included Fund Balance in the amount of $222,000.
Required: Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund for the City of San Dimas for the Year Ended December 31, 2018. Prepare your statement in excel or google sheet and upload your document.
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