The General Fund of Middleville has presented you with the following trial balance as of June 30, 2011. Credits Debits $ 40,000 142,000 Cash Taxes Receivable- Delinquemt Estimated Uncollectible Taxes- Delinquent Interest and Penalties Receivable Vouchers Payable Budgetary Fund Balance-Reserve for Encumbrances Fund Balance 9,100 32,000 24,000 10,200 170,700 $ 214,000 $214,000 The information that is being presented to you pertains to the transactions for the city of Middleville for the fiscal year ended June 30, 2012. 1. The following budget was adopted by the city council: Estimated Revenues: Property Taxes Fines and Penalties Licenses and Permits Federal Grant $ 650,000 44,000 150,000 85,000 929,000 Appropriations and Other Financing Uses Public Safety General Government Public Works Parks and Recreation Transfers Out 402,000 263,000 102,000 92,000 34,000 893,000