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The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of the
The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of the fiscal year appeared as follows:
Revenues Ledger | |||||||||||
Est. Revenues | Revenues | Balance | |||||||||
Account | Ref. | Account Title | Dr(Cr) | Cr(Dr) | Dr(Cr) | ||||||
3/4020 | TaxesReal Property | ||||||||||
101 | Budget Authorization | 757,000 | 757,000 | ||||||||
102 | Received in Cash | 206,300 | 550,700 | ||||||||
3/4050 | Licenses and Permits | ||||||||||
101 | Budget Authorization | 107,000 | 107,000 | ||||||||
102 | Received in Cash | 10,700 | 96,300 | ||||||||
3/4070 | Intergovernmental Revenue | ||||||||||
101 | Budget Authorization | 57,000 | 57,000 | ||||||||
102 | Received in Cash | 15,700 | 41,300 | ||||||||
103 | 13,200 | 54,500 | |||||||||
Appropriations, Expenditures, and Encumbrances Ledger | |||||||||||||||||||||||
Encumbrances Increase | Encumbrances Decrease | Encumbrances Balance | Expenditures | Expenditures Balance | Appropriation | Balance | |||||||||||||||||
Account | Ref | Account / Description | Dr | (Cr) | Dr(Cr) | Dr(Cr) | Dr(Cr) | Cr(Dr) | Cr(Dr) | ||||||||||||||
5/6/7020 | General Government | ||||||||||||||||||||||
101 | Budget Authorization | 642,000 | 642,000 | ||||||||||||||||||||
102 | Purchase Order Issued | 6,750 | 6,750 | 635,250 | |||||||||||||||||||
102 | Payroll | 156,300 | 156,300 | 478,950 | |||||||||||||||||||
102 | Goods Received | 5,050 | 1,700 | 5,000 | 161,300 | 479,000 | |||||||||||||||||
5/6/7030 | Public Safety | ||||||||||||||||||||||
101 | Budget Authorization | 132,000 | 132,000 | ||||||||||||||||||||
102 | Payroll | 30,700 | 30,700 | 101,300 | |||||||||||||||||||
103 | 51,400 | 152,700 | |||||||||||||||||||||
5/6/7050 | Culture and Recreation | ||||||||||||||||||||||
101 | Budget Authorization | 92,000 | 92,000 | ||||||||||||||||||||
102 | Purchase Order Issued | 1,550 | 1,550 | 90,450 | |||||||||||||||||||
102 | Goods Received | 1,550 | 0 | 1,350 | 1,350 | 90,650 | |||||||||||||||||
102 | Payroll | 15,350 | 16,700 | 75,300 | |||||||||||||||||||
5/6/7070 | Miscellaneous | ||||||||||||||||||||||
101 | Budget Authorization | 15,700 | 15,700 | ||||||||||||||||||||
Required
Assuming that there are no other General Fund revenue or expenditure transactions, answer the following questions.
- What were the original approved budget amounts for Estimated Revenues and for Appropriations?
- (1) Was the budget adjusted during the year? (2) If so, which accounts if any were adjusted and by how much? (3) In total, has Budgetary Fund Balance increased, decreased, or remained the same during the first fiscal quarter?
- (1) What are the current balances of the Estimated Revenues and Appropriations control accounts? (2) What are the current balances of the Revenues, Encumbrances, and Expenditures control accounts?
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