Question
Use the Comprehensive Annual Financial Report for the Village of Arlington Heights for the year ended December 31, 2018, to answer the question PLEASE LOOK
Use the Comprehensive Annual Financial Report for the Village of Arlington Heights for the year ended December 31, 2018, to answer the question PLEASE LOOK IT UP. Hints: Examine the balance sheet on page 27, note 2, and the budgetary comparison schedules on pages 116-124.
What amount of revenue was expected by the general fund in 2018 from the Villages share of taxes collected by the State of Illinois? Show each tax and its amount.
Answer for below. Please pull up the CAFT for Village of Arlington Heights for year ended 2018.
15.Villages share of taxes collected by the State: | $ |
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Total tax revenue from the State | $ |
2. In the 2018 appropriations budget for the general government function, the final budgeted amount of $4,951,026 exceeded the original budgeted amount of $4,950,000 by $1,026. The difference of $1,026 is the net amount that resulted from a budget revision and a budget interchange. State the department (activity) where the interchange was made along with the specific line items that were affected and the amount of the interchange.
Answer form below, I filled in the first line. Budget interchange: Amounts
Department (activity) | Line item | $ |
Finance | Contractional Services | $1,026 |
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