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this is accounting question [The following information applies to the questions displayed below.] The following transactions occurred during the 2017 fiscal year for the City
this is accounting question
[The following information applies to the questions displayed below.] The following transactions occurred during the 2017 fiscal year for the City of Evergreen. For budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary comparison schedule for the General Fund but excludes expenditures chargeable to a prior year's appropriation. 1. The budget prepared for the fiscal year 2017 was as follows: Estimated Revenues: 1.978.000 axes Licenses and permits 377,000 Intergovernmental revenue 402.000 Miscellaneous revenues 67.000 Total estimated revenues 2,824,000 Appropriations General government 481,500 Public safety 896,500 Public works 660,500 Health and welfare 610.500 Miscellaneous 91,000 Total appropriations 2.740.000 Budgeted increase in fund balance 84.000 2. Encumbrances issued against the appropriations during the year were as follows: 63,000 General government Public safety 255.000 397000 Public works Health and welfare 164.950 Miscellaneous 76,000 $955.950 TotalStep by Step Solution
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