The trial balance for the General Fund of the city of Colima on June 30, 2005, follows. There were no budgeted or actual other financing sources or other financing uses.

City of Colima General Fund

Trial Balance

June 30, 2005

Debit Credit

Cash 35,500

Taxes Receivable-Delinquent 14,250

Allowances for uncollectible delinquent taxes 250

Inventory of supplies (balance on June 30, 2004, $10,000) 12,500

Vouchers Payable 17,500

Fund Balance reserved for encumbrances 1,250

Fund Balances reserved for inventory of supplies 12,500

Unreserved and undesignated fund balance 17,500

Budgetary Fund Balance 10,000

Estimated Revenues 200,000

Appropriations 190,000

Revenues 202,000

Expenditures 187,500

Encumbrances 1,250

Totals 451,000 451,000

a. Complete the following statement of revenues, expenditures and changes in net assets of the General Fund for the year ended June 30, 2005:

City of Colima General Fund

Statement of Revenues, Expenditures, and

Changes in Fund Balance

b. Complete the following Balance Sheet