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The town councll of Riverside estumated revenues for 2020 to be $697,088 from property taxes and $167,912 from business acenses. The appropriations budget from the

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The town councll of Riverside estumated revenues for 2020 to be $697,088 from property taxes and $167,912 from business acenses. The appropriations budget from the council 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 rutned and several damaged shops had to shut down. The council adopted an upward revision of $52.000 for the parks and recreation budget and reduced the estimated revenues from business licenses by $32,000. The General Fund began the year with a balance of $50.000. During the year, tax collectons totaled $699.600 and revenues from business licenses were $125,200. Expenditures were $366,000 for generai government, $164,600 for parks and recreation, $93,700 for sanitation, and $158,333 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 celis blank - be certain to enter "O" wherever required.)

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