This year Riverside began work on an outdoor amphitheater and concession stand at the citys park. It is to be financed by a $3,800,000 bond issue and supplemented by a $530,000 General Fund transfer. The following transactions occurred during the current year:

1. The General Fund transferred $530,000 to the Park Building Capital Projects Fund.
2. A contract was signed with Restin Construction Company for the major part of the project on a bid of $3,000,000.
3. Preliminary planning and engineering costs of $72,000 were vouchered for the Great Pacific Engineering Company. (This cost had not been encumbered.)
4. A payable was recorded for an $20,000 billing from the Water and Sewer enterprise fund for the cost of extending water pipes to the new concession stand.
5. An invoice in the amount of $1,150,000 was received from Restin for progress to date on the project.
6. The $3,800,000 bonds were issued at par.
7. The amount billed by the contractor (see Transaction 5) less 5 percent retained was paid.
8. Temporary investments were purchased at a cost of $1,830,000.
9. Closing entries were prepared as of year-end. Assume that $2,650,000 of the encumbrances outstanding will be paid from the bond proceeds and are therefore considered restricted resources. The remaining fund balance is assigned.

RIVERSIDE Park Building Capital Projects Fund Balance Sheet, Year End As of Year End Assets Total Assets Liabilities and Fund Balances Liabilities otal Liabilities Fund Balances Total Fund Balances Total Liabilities and Fund Balances RIVERSIDE Park Building Capital Projects Fund Statement Of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended Expenditures Other Financing Sources and Uses: Excess of Revenues and Other Sources Over Expenditures Fund Balances, Beginning Fund Balances, E nding RIVERSIDE Park Building Capital Projects Fund Balance Sheet, Year End As of Year End Assets Total Assets Liabilities and Fund Balances Liabilities otal Liabilities Fund Balances Total Fund Balances Total Liabilities and Fund Balances RIVERSIDE Park Building Capital Projects Fund Statement Of Revenues, Expenditures, and Changes in Fund Balances For the Year Ended Expenditures Other Financing Sources and Uses: Excess of Revenues and Other Sources Over Expenditures Fund Balances, Beginning Fund Balances, E nding