The following is the preclosing trail balance of ellwood city at the end of fiscual year 2016. Assume that at the bginning of the year no encumbrances were outstanding. Prepare in correct form the statement of rev, exp and changes in fund balance, and budgetary comparison schedule.

				Ellwood City General Fund
				Preclosing Trial Balance
				December 31, 2016
						Debits		Credits
	Cash					26,940
	Marketable securities					60,000
	Property taxes receivable					42,630
	Allowance for uncollectible property taxes							21,600
	Sales taxes receivable					10,200
	Due from state government					19,200
	Supplies inventory					8,400
	Vouchers payable							14,730
	Due to other funds							16,080
	Advances from other funds							42,000
	Encumbrances--contractual services					12,000
	Fund balance reserved for supplies inventory (Nonspendable)							8,400
	Unassigned fund balance							25,200
	Budgetary fund balance reserved for encumbrances							12,000
	Budgetary fund balance							25,800
	Estimated revenues--property taxes					150,000
	Estimated revenues--sales taxes					87,600
	Estimated revenues--charges for services					16,800
	Estimated revenues--fines and forfeits					10,200
	Estimated revenues--federal grants					12,000
	Estimated transfer in from Enterprise Fund					36,000
	Appropriations--salaries							128,400
	Appropriations--contractual services							32,400
	Appropriations--materials and supplies							18,000
	Appropriations--capital equipment							84,000
	Appropriations--transfer out to Debt Service Fund							24,000
	Revenues--property taxes							141,000
	Revenues--sales taxes							88,320
	Revenues--charges for services							14,880
	Revenues--fines and forfeits							10,680
	Revenues--federal grants							12,000
	Transfer in from Enterprise Fund							42,000
	Expenditures--salaries					126,240
	Expenditures--contractual services					18,000
	Expenditures--materials and supplies					18,360
	Expenditures--capital equipment					82,920
	Transfer out to Debt Service Fund					24,000
						761,490		761,490