Prepare ingood form a statement of revenues

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Reference no: EM13259511

Presented below is information on the GF of the City ofKnolls Hills for the year ended December 31, 20X8. Prepare ingood form (proper heading, etc.) a statement of revenues,expenditures, and changes in fund balance for this fund for20X9.


Taxes collected during 20X9	$17,000,000
Cash collected from restricted grants, eligibilityrequirements met	5,100,000
Proceeds from short-term notes	500,000
Proceeds from sale of general capital assets	450,000
License and permit fees collected	40,000
Interest collected on investments	67,000
Pass-through grants received and paid out	350,000
Cash received from terminated special revenuefund	477,000
Cash paid to other fund to finance debt service onbonds	1,280,000
Interest paid on short-term note	115,000
Interest accrued but not paid on short-termnote	16,000
Expenditures for general administration	2,350,000
Expenditures for public safety	2,700,000
Expenditures for highways and streets	3,450,000
Expenditures for health and welfare	1,775,000
Purchases of capital assets	450,000
Payment to fund to be used to finance construction ofgeneral government building	3,300,000
Collection of interfund advance established three yearsago	4,400,000
General administration salary costs incurred in 20X9 butnot paid by year end	10,000
Materials ordered but not received	215,000
Lease payments on capital lease (3^rd year oflease)-Interest is $24,000 of total	77,000
Taxes receivable, January 20X9	5,000,000
Taxes receivable, December 31 20X9	4,500,000
20X8 taxes collected in January or February20X9	2,400,000
20X9 taxes expected to be collected in January or February20Y0	1,400,000
Book value of investments, December 31, 20X9	1,000,000
Fair value of investments, December 31, 20X9	1,270,000
Reserve for Encumbrances, December 31, 20X8	750,000
Unreserved Fund Balance, December 31, 20X8	$2,788,000

Amortized approached not required forinvestments.

Check figures: Revenues (total)#21,827,000 (list out all of sources of revenue / incomethat's included in your total. And include all of theamounts in a specific item. For example, property taxes, ifmore than one amount makes up that total show each amount inparenthesis (10,000,000 - 3,500,000 + 8,000,000). Do thesame for Expenditure items. Excess of Revenues over(under) Expenditures 10,509,000, Net Change in FB $6,856,000, andFB 12/31/09 $10,394,000

Reference no: EM13259511

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