The Town of Portsmouth has at the beginning of the year a $213,000 Net Asset balance, and a $52,000 Fund balance. The above information relates to the activities within the Town of Portsmouth for the year of 2013. Prepare a Statement of Revenues, Expenditures and Changes in Fund Balances

Revenues
Property Taxes		400,000
Franchise Taxes		100,000
Charges for Public Safety		7,000
Charges for Sanitation		5,000
Payments
Salaries
General Government		54,000
Public Safety		43,000
Sanitation		36,000
Rent
General Government		15,000
Public Safety		12,000
Sanitation		3,500
Maintenance
General Government		4,000
Public Safety		2,000
Sanitation		1,500
Insurance
General Government		1,000
Public Safety		2,500
Sanitation		4,500
Final Payment on debt
principal		5,000
Payment for interest on debt		15,000
Other Financing Sources
Receivables at end of year
Property taxes (80% est to be collectible		$95,000
Payable at year-end: Salaries
General government		4,000
Public Safety		3,000
Sanitation		4,400
Other items at year-end
cash		130,900
building		95,000
equipment		80,000
supplies inventory		9,500
investments		160,000
compensated absences balance, expected
to be paid in 12 months		9,000