Reference no: EM132461111
Greenville has provided the following information from its General Fund Revenues and Appropriations/Expenditure/Encumbrances subsidiary ledgers for the fiscal year ended. Assume the beginning fund balances are $141 (in thousands) and that the budget was not amended during the year.
City of GreenvilleGeneral FundSubsidiary Ledger Account Balances (in thousands)For the Fiscal Year Debits CreditsEstimated
Revenue Taxes 6,048
Fines & Forfeits 303
Intergovernmental Revenue 486
Charges for Services 370
Revenues Taxes 6,055
Fines & Forfeits 308
Intergovernmental Revenue 486
Charges for Services 368
Appropriations General Government 1,627
Public Safety 3,375
Public Works 1,455
Culture & Recreation 724
Estimated Other Financing Uses Interfund Transfers Out 38
Expenditures General Government 1,622
Public Safety 3,349
Public Works 1,443
Culture & Recreation 704
Encumbrances General Government 4
Public Safety 25
Public Works 10
Culture & Recreation 0
Other Financing Uses Interfund Transfers Out 38
Required
Question 1: Prepare a General Fund statement of revenues, expenditures, and changes in fund balance.
Question 2: Prepare a General Fund schedule of revenues, expenditures, and changes in fund balance-budget and actual (assume the budget is prepared on a GAAP basis).