The town council of Riverside estimated revenues for 2017 to be $690,000 from property taxes and $169,000 from business licenses. The appropriations budget from the council was as follows General government Parks and recreation Sanitation Streets and sidewalks $374,00e 114,800 94,800 165,800 In Aprni, heavy spring rains caused some flooding near the ver. As a result, a picnic area at River's Edge Park was ruined and several damaged shops had to shut down. The council adopted an upward revision of $33,000 for the parks and recreation budget and reduced the estimated revenues from business licenses by $16,000. The General Fund began the year with a balance of $56,000. During the year, tax collections totaled $694,500 and revenues from business licenses were $150,000. Expenditures were $370,000 for general government, $137,500 for parks and recreation, $97600 for sanitation, and $159,333 for streets and sidewalks. There are no outstanding encumbrances at year-end. Required: Prepare a budgetary comparlson schedule for the General Fund for 2017. (Negotive variance amount should be indicated by a minus sign.) TOWN OF RIVER SID Budgetary Comparison Schedule General Fund For the Year Ended December 31, 2017 Budgeted Amounts Actual Variance with Amounts Final Budget Original Final (Budgetary Positive Basis) (Negative) Revenues: Property Taxes S 690,000690.000 Business Licenses 169,000 Total Revenues 859,000 690.000 0 Expenditures and Encumbrances: General Government Parks and Recreation Sanitation Streets and Sidewalks Total Expenditures and Encumbrances Excess (Deficiency) of Revenues Over Expenditures and Encumbrances Fund Balance. Beginning Fund Balance, Ending