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On July 1, 2010 the city of Finfine reported an unreserved fund balance of ETB 80,000. During the year estimated revenues were ETB 1,128,000 and Actual revenues are ETB 1,200,000. Appropriations were ETB 1,115,000, while expenditures and outstanding encumbrances are ETB 1,000,000 and ETB 90,000 as of June 30, 2010.
Instruction:
Question 1: Calculate the unreserved fund balance of Finfine City at June 30.
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