The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December $31,2024$:

Beginning balances were: Cash, $$101,000$; Taxes Receivable, $$201,500$; Accounts Payable, $$58,250$; and Fund Balance, $$244,250.$

The budget was passed. Estimated revenues amounted to $$1,310,000$ and appropriations totaled $$1,305,800.$ All expenditures are classified as General Government.

Property taxes were levied in the amount of $$955,000.$ All of the taxes are expected to be collected before February $2025.$

Cash receipts totaled $$925,000$ for property taxes and $$317,500$ from other revenue.

Contracts were issued for contracted services in the amount of $$109,250.$

Contracted services were performed relating to $$97,500$ of the contracts with invoices amounting to $$94,300.$

Other expenditures amounted to $$999,500.$

Accounts payable were paid in the amount of $$1,147,500.$

The books were closed.