Question
. The following transactions occurred during the 2023 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures
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: Estimated Revenues: Taxes Licenses and permits Intergovernmental revenue Miscellaneous revenues Total estimated revenues Appropriations: General government $2,069,000 390,000 415,000 80,000 2,954,000 508,800 Public safety 923,800 Public works 687,800 Health and welfare 637,800 Miscellaneous 104,000 Total appropriations 2,862,200 Estimated Other Financing Uses: Estimated other financing uses-transfers out 23,800 Budgeted increase in fund balance $ 68,000
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