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Prepare a general fund schedule of revenues

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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).

Reference no: EM132461111

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