Required information [The following information applies to the questions displayed below.] The following transactions occurred during the 2020 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 2020 was as follows: Estimated Revenues: $1,943,000 372,000 397,000 62,000 es Licenses and permits Intergovernmental revenue Miscellaneous revenues Total estimated revenues 2,774,000 Appropriations: General government Public safety 471,000 886,000 650,000 600,000 86,000 Public works Health and welfare Miscellaneous 2,693,000 Total appropriations Budgeted increase in fund balance 81,000 2. Encumbrances issued against the appropriations during the year were as follows: $ 58,000 250,000 392,000 160,000 General government Public safety Public works Health and welfare Miscellaneous 71,000 $931,000 Total 3. The current year's tax levy of $2,005,000 was recorded; uncollectibles were estimated as $65,000. 4. Tax collections of the current year's levy totaled $1,459,000. The City also collected $132,000 in taxes from the prior year's levy in the first 60 days after year end. (These delinquent collections had been anticipated prior to year-end.) 5. Personnel costs during the year were charged to the following appropriations in the amounts indicated. Encumbrances were not recorded for personnel costs. Because no liabilities currently exist for withholdings, you may ignore any FICA or federal or state income tax withholdings. (Expenditures charged to Miscellaneous should be treated as General Government expenses in the governmental activities general journal at the government-wide level.) General government Public safety 411,000 635,000 254,000 439,000 Public works Health and welfare Miscellaneous 11,100 Credit to Vouchers Payable $1,750,100 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14,470. Encumbrances had been recorded in the prior year for these items in the amount of $14,000. The amount chargeable to each year's appropriations should be charged to the Public Safety appropriation. 7. Invoices were received and approved for payment for items ordered in documents recorded as encumbrances in Transaction (2) of this problem. The following appropriations were affected. Estimated Actual Liability $ 52,200 240,900 357,000 130,100 71,000 Liability $ 52,700 236,200 360,000 130,600 General government Public safety Public works Health and welfare Miscellaneous 71,000 $850,500 $851,200 8. Revenue other than taxes collected during the year consisted of licenses and permits, $373,000; intergovernmental revenue, $400,000; and $66,000 of miscellaneous revenues. For purposes of accounting for these revenues at the government-wide level, the intergovernmental revenues were operating grants and contributions for the Public Safety function. Miscellaneous revenues are not identifiable with any function and, therefore, are recorded as General Revenues at the government-wide level. 9. Payments on Vouchers Payable totaled $2,505,000. Additional information follows: The General Fund Fund Balance-Unassigned account had a credit balance of $96,900 as of December 31, 2019; no entries have been made in the Fund Balance-Unassigned account during 2020. Required a-1. Prepare general journal for fiscal year 2020 for the General Fund and for the governmental activities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Fund / Governmental Activties Credit Transaction General Journal Debit 1. Record the budget estimates and appropriations. General Fund Governmental Activities 2. Record the encumbrances issued against the appropriations during the year. General Fund Governmental Activities 3. The current year's tax levy of $2,005,000 was recorded; uncollectibles were estimated as $65,000. 3 General Fund Governmental Activities 4. Tax collections of the current year's levy totaled $1,459,000; collections from prior years' levies totaled $132,000. 4 General Fund Governmental Activities 5. Record the personnel costs during the year. General Fund Governmental Activities 6. Invoices for all items ordered during the prior year were received and approved for payment in the amount of $14,470. Encumbrances had been recorded in the prior year for these items in the amount of $14,000. The amount chargeable to each year's appropriations should be charged to the Public Safety appropriation. General Fund Record the outstanding Encumbrances for 2019. Record the public safety expenditures. 6b Record the public safety expenditures. 6b Governmental Activities Record the public safety expenses. 6c 7. Invoices were received and approved for payment for items ordered in documents recorded as encumbrances. 7a General Fund Record the outstanding encumbrances for 2020. Record the various expenditures. 7b Governmental Activities Record the various expenses (include miscellaneous with general government.) 7c 3. Revenue other than taxes collected during the year consisted of licenses and permits, $373,000; intergovernmental revenue, $400,000; and $66,000 of miscellaneous revenues. For purposes of accounting for these revenues at the government-wide level, the intergovernmental evenues were operating grants and contributions for the Public Safety function. Miscellaneous revenues are not identifiable with any function and, therefore, are recorded as General Revenues at the government-wide level. 8 General Fund Governmental Activities 9. Payments on Vouchers Payable totaled $2,505,000. 9. General Fund Governmental Activities a-2. Post the above transactions into the appropriate subsidiary ledgers. CITY OF EVERGREEN General Fund Revenue Ledger Balance Dr Est Revenues Dr Revenues Account Description Cr (Dr) (Cr) (Cr) Taxes Budget Recorded Revenues Licenses and Permits Budget Recorded Revenues Intergovernmental Revenues Budget Recorded Revenues Miscellaneous Revenues Budget Recorded Revenues CITY OF EVERGREEN Appropriations/Encumbrances/Expenditures Ledger Encumbrances Expenditures Appropriations Available Account/Description Transaction Debit Credit Balance Debit Balance Credit Balance General Government Budget Authorization Encumbrances issued Payroll Invoices approved for payment Public Safety 1 Budget Authorization Encumbrances issued Payroll Invoices for items ordered Invoices approved for payment Public Works Budget Authorization Encumbrances issued Payroll Invoices approved for payment Health and Welfare Budget Authorization Encumbrances issued Payroll Invoices approved for payment Miscellaneous Budget Authorization Encumbrances issued Payroll Invoices approved for payment 2