The following transactions occurred during the 2020 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation. 1. The budget prepared for the fiscal year 2020 was as follows: $1,943,000 372,000 397,000 62,000 2,774,000 Estimated Revenues : Taxes Licenses and permits Intergovernmental revenue Miscellaneous revenues Total estimated revenues Appropriations: General government Public safety Public works Health and welfare Miscellaneous Total appropriations Budgeted increase in fund balance 471,000 886,000 650,000 680,000 86,000 2,693,000 81,000 2. Encumbrances issued against the appropriations during the year were as follows: General government Public safety Public Works Health and welfare Miscellaneous Total $ 58,000 250,000 392,000 160,000 71,000 $931,000 3. The current year's tax levy of $2,005,000 was recorded; uncollectibles were estimated as $65,000. 4. Tax collections of the current year's levy totaled $1,459,000. The City also collected $132,000 in taxes from the prior year's levy in the first 60 days after year end. These delinquent collections had been anticipated prior to year-end.) 5. Personnel costs during the year were charged to the following appropriations in the amounts indicated. Encumbrances were not recorded for personnel costs. Because no liabilities currently exist for withholdings, you may ignore any FICA or federal or state income tax withholdings. (Expenditures charged to Miscellaneous should be treated as General Government expenses in the governmental activities general journal at the government-wide level.) General government Public safety Public works Health and welfare Miscellaneous Credit to Vouchers Payable $ 411,000 635,000 254,000 439,000 11. 180 $1,750,100 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14.470. Encumbrances had been recorded in the prior year for these items in the amount of $14,000. The amount chargeable to each year's appropriations should be charged to the Public Safety appropriation. 7. Invoices were received and approved for payment for items ordered in documents recorded as encumbrances in Transaction (2) of this problem. The following appropriations were affected. General government Public safety Public works Health and welfare Miscellaneous Actual Liability $ 52,700 236,200 360,000 130,600 71.000 $850, 500 Estimated Liability $ 52,200 240,900 357,000 130,100 71,000 $851,200 8. Revenue other than taxes collected during the year consisted of licenses and permits, $373,000; intergovernmental revenue, $400,000, and $66,000 of miscellaneous revenues. For purposes of accounting for these revenues at the government-wide level, the intergovernmental revenues were operating grants and contributions for the Public Safety function. Miscellaneous revenues are not identifiable with any function and therefore, are recorded as General Revenues at the government-wide level. 9. Payments on Vouchers Payable totaled $2,505,000 Additional information follows: The General Fund Fund Balance-Unassigned account had a credit balance of $96,900 as of December 31, 2019, no entries have been made in the Fund Balance-Unassigned account during 2020. Transaction Fund / Governmental Debit General Journal Activties Credit 1. Record the budget estimates and appropriations 1 General Fund Estimated Revenues 2,774,000 Appropriations 2,693 000 Budgetary Fund Balance 81.000 Governmental Activities No Journal Entry Required 2. Record the encumbrances issued against the appropriations during the year 2 General Fund Encumbrances-2020 Encumbrances Outstanding-2020 931,000 931000 Governmental Activities No Journal Entry Required 2,005,000 3. The current year's tax levy of S2,005,000 was recorded, uncollectibles were estimated as S65,000 3 General Fund Taxes Receivable-Current Allowance for Uncollectible Current Taxes Revenues 65,000 1,940,000 2,005,000 Governmental Activities Taxes Receivable-Current Allowance for Uncollectible Current Taxes General Revenues-Property taxes 65.000 1,940,000 1,591,000 4. Tax collections of the current year's levy totaled $1,459,000, collections from prior years' levies totaled $132,000 4 General Fund Cash Taxes Receivable Delinquent Taxes Receivable-Current 132,000 1,459.000 Governmental Activities No Journal Entry Required 5. Record the personnel costs during the year 5 General Fund Expenditures-2020 Vouchers Payable 1,750,100 1,750,100 Governmental Activities Expenses-General Government Expenses-Public Safety Expenses-Public Works Expenses---Health and Welfare Vouchers Payable 411,000 635,000 254,000 439,000 1,750,100 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14,470. Encumbrances had been recorded in the prior year for these items in the amount of $14,000. The amount chargeable to each year's appropriations should be charged to the Public Safety appropriation General Fund Record the outstanding Encumbrances for 2019 Encumbrances Outstanding-2019 14,000 Encumbrances-2019 14,000 6b Record the public safety expenditures Expenses-Public Safety Vouchers Payable 14,470 14,470 Governmental Activities Record the public safety expenses No Journal Entry Required 7. Invoices were received and approved for payment for items ordered in documents recorded as encumbrances 7a General Fund Record the outstanding encumbrances for 2020 Encumbrances Outstanding-2019 Encumbrances-2019 7b Record the various expenditures 851,200 851 200 7 Governmental Activities Record the various expenses (include miscellaneous with general government.) Expenses-General Government 52,700 Expenses-Public Works 236.200 Expenses-Public Safety 360.000 Expenses-Public Works 130 800 Vouchers Payable 850,500 8. Revenue other than taxes collected during the year consisted of licenses and permits, $373,000, intergovernmental revenue, $400,000, and $66,000 of miscellaneous revenues. For purposes of accounting for these revenues at the government-wide level, the intergovernmental revenues were operating grants and contributions for the Public Safety function Miscellaneous revenues are not identifiable with any function and therefore, are recorded as General Revenues at the government-wide level 8 General Fund Cash 839,000 Revenues 839,000 839,000 373,000 400,000 Governmental Activities Cash Program Revenues-General Government Program Revenues-Public Safety 9. Payments on Vouchers Payable totaled $2,505,000 9 General Fund Vouchers Payable Cash 2,505,000 2,505,000 Governmental Activities No Journal Entry Required a-2. Post the above transactions into the appropriate subsidiary ledgers. CITY OF EVERGREEN General Fund Revenue Ledger Account Description Est Revenues Dr Revenues (Cr) Cr(Dr) Balance Dr (Cr) Taxes Budget 1,943,000 1,943,000 Recorded Revenues 1,943,000 0 Licenses and Permits Budget Recorded Revenues 372,000 372,000 372,000 Intergovernmental Revenues Budget Recorded Revenues 397,000 397,000 397,000 Miscellaneous Revenues Budget Recorded Revenues 62,000 62,000 62.000 CITY OF EVERGREEN Appropriations/Encumbrances/Expenditures Ledger Encumbrances Expenditures Debit Credit Balance Debit Balance Appropriations Available Credit Balance Transaction Account Description General Government 1 Budget Authorization 2 Encumbrances issued 5 Payroll 7 Invoices approved for payment 1 2 5 8 7 Public Safety Budget Authorization Encumbrances issued Payroll Invoices for items ordered Invoices approved for payment Public Works Budget Authorization 1 2 5 Encumbrances issued Payroll Invoices for items ordered Invoices approved for payment 7 1 2 5 7 Public Works Budget Authorization Encumbrances issued Payroll Invoices approved for payment 1 2. 5 7 Health and Welfare Budget Authorization Encumbrances issued Payroll Invoices approved for payment 1 2 Miscellaneous Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7