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The town council of Riverside estimated revenues for 2020 to be $733,353 from property taxes and $176.647 from business licenses. The appropriations budget from the

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The town council of Riverside estimated revenues for 2020 to be $733,353 from property taxes and $176.647 from business licenses. The appropriations budget from the counclil was as follows In April, heavy spring rains caused some flooding near the river. As a result, a picnic area at River's Edge Park was rulned and several domaged shops had to shut down. The councli adopted an upward revision of $58,000 for the parks and recreation budget and reduced the estimated revenues from business licenses by $38,000. The General Fund began the year with a balance of $53,000. During the yeac, tax collections totaled $735,900 and revenues from business llcenses were $128,800. Expenditures were $369,000 for general povernment, $176,900 for parks and recreation, $100,000 for sanitation, and $161,333 for streets and sidewalks. There are no outstanding encumbrances at year-end. Required: Prepare a budgetary comparison schedule for the General Fund for 2020. (Negative varlance amounts should be indicated by a minus sign. Leave no cells blank - be certsin to enter "o" wherever required.) The town council of Riverside estimated revenues for 2020 to be $733,353 from property taxes and $176.647 from business licenses. The appropriations budget from the counclil was as follows In April, heavy spring rains caused some flooding near the river. As a result, a picnic area at River's Edge Park was rulned and several domaged shops had to shut down. The councli adopted an upward revision of $58,000 for the parks and recreation budget and reduced the estimated revenues from business licenses by $38,000. The General Fund began the year with a balance of $53,000. During the yeac, tax collections totaled $735,900 and revenues from business llcenses were $128,800. Expenditures were $369,000 for general povernment, $176,900 for parks and recreation, $100,000 for sanitation, and $161,333 for streets and sidewalks. There are no outstanding encumbrances at year-end. Required: Prepare a budgetary comparison schedule for the General Fund for 2020. (Negative varlance amounts should be indicated by a minus sign. Leave no cells blank - be certsin to enter "o" wherever required.)

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