Reference no: EM131795642
Problem - The following general fund information is available for the preparation of the financial statements for the city of Eastern Shores for the year ended September 30, 2009:
Revenues:
Property taxes $16,000,000
Sales taxes 23,216,000
Fees and fines 1,124,000
Licenses and permits 1,921,000
Intergovernmental 868,000
Investment earnings 654,000
Expenditures:
Current:
General government 8,192,000
Public safety 24,444,000
Public works 6,211,000
Health and sanitation 1,193,000
Culture and recreation 2,154,000
Debt service-principal 652,000
Debt service-interest 821,000
Proceeds of long-term, capital-related debt 1,210,000
Transfer to special revenue fund 1,119,000
Special item-proceeds from sale of land 821,000
Fund balance, October 1, 2008 13,211,000