The following transactions occurred during the 2023 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 2023 was as follows: $1,978,000 377,000 402, 000 67,000 2, 824,000 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 Estimated Other Financing Uses: Estimated other financing uses-transfers out Budgeted increase in fund balance 481, 500 896,500 660, 500 610, 500 91,000 2, 740,000 22,500 61,500 $ 2. Encumbrances issued against the appropriations during the year were as follows: General government Public safety Public works Health and welfare Miscellaneous Total $ 63,000 255,000 397,000 164,950 76,000 $955, 950 3. The current year's tax levy of $2,044,500 was recorded; uncollectibles were estimated to be $70,000. 4. Tax collections of the current year's levy totaled $1,464,000. The City also collected $137,000 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 $ 416,000 640,000 259,000 444, 000 11,600 $1,770, 600 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14,570. Encumbrances had been recorded in the prior year for these items in the amount of $14,050. 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 $ 57, 700 241, 200 365,000 135, 600 76,000 $ 875, 500 Estimated Liability $ 57, 200 245, 900 362,000 135, 100 76,000 $ 876,200 8. Revenue other than taxes collected during the year consisted of licenses and permits, $378,500; intergovernmental revenue, $405,500; and $71,500 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. A transfer of $22,500 was made to the debt service fund for principal and interest payments. 10. Payments on Vouchers Payable totaled $2,510,000. Additional information follows: The General Fund Fund Balance- Unassigned account had a credit balance of $101,900 as of December 31, 2022; no entries have been made in the Fund Balance-Unassigned account during 2023. Transaction CITY OF EVERGREEN General Fund Estimated Other Financing Uses Ledger Est Revenues Revenues Cr Account Description Dr (Cr) (Dr) Estimated Other Financing Uses 0 Budget Recorded Revenues 0 Balance Dr (Cr) 1 9 false Required information LIILU LANGITICS Debit v Available Credit Balance Credit Balance Debit Balance Transaction Account/Description General Government 1 Budget Authorization 2. Encumbrances issued 5 Payroll 7 Invoices approved for payment 1 2 Public Safety Budget Authorization Encumbrances issued Payroll Invoices for items ordered Invoices approved for payment 5 6 7 1 2 Public Works Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7 1 2 5 Health and Welfare Budget Authorization Encumbrances issued Payroll Invoices approved for payment 7 1 2 Miscellaneous Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7 The following transactions occurred during the 2023 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 2023 was as follows: $1,978,000 377,000 402, 000 67,000 2, 824,000 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 Estimated Other Financing Uses: Estimated other financing uses-transfers out Budgeted increase in fund balance 481, 500 896,500 660, 500 610, 500 91,000 2, 740,000 22,500 61,500 $ 2. Encumbrances issued against the appropriations during the year were as follows: General government Public safety Public works Health and welfare Miscellaneous Total $ 63,000 255,000 397,000 164,950 76,000 $955, 950 3. The current year's tax levy of $2,044,500 was recorded; uncollectibles were estimated to be $70,000. 4. Tax collections of the current year's levy totaled $1,464,000. The City also collected $137,000 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 $ 416,000 640,000 259,000 444, 000 11,600 $1,770, 600 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14,570. Encumbrances had been recorded in the prior year for these items in the amount of $14,050. 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 $ 57, 700 241, 200 365,000 135, 600 76,000 $ 875, 500 Estimated Liability $ 57, 200 245, 900 362,000 135, 100 76,000 $ 876,200 8. Revenue other than taxes collected during the year consisted of licenses and permits, $378,500; intergovernmental revenue, $405,500; and $71,500 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. A transfer of $22,500 was made to the debt service fund for principal and interest payments. 10. Payments on Vouchers Payable totaled $2,510,000. Additional information follows: The General Fund Fund Balance- Unassigned account had a credit balance of $101,900 as of December 31, 2022; no entries have been made in the Fund Balance-Unassigned account during 2023. Transaction CITY OF EVERGREEN General Fund Estimated Other Financing Uses Ledger Est Revenues Revenues Cr Account Description Dr (Cr) (Dr) Estimated Other Financing Uses 0 Budget Recorded Revenues 0 Balance Dr (Cr) 1 9 false Required information LIILU LANGITICS Debit v Available Credit Balance Credit Balance Debit Balance Transaction Account/Description General Government 1 Budget Authorization 2. Encumbrances issued 5 Payroll 7 Invoices approved for payment 1 2 Public Safety Budget Authorization Encumbrances issued Payroll Invoices for items ordered Invoices approved for payment 5 6 7 1 2 Public Works Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7 1 2 5 Health and Welfare Budget Authorization Encumbrances issued Payroll Invoices approved for payment 7 1 2 Miscellaneous Budget Authorization Encumbrances issued Payroll Invoices approved for payment 5 7