5-14_Ex_OBrien Daniels - Brenna O'Brien and Katie Daniels...

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Brenna O'Brien and Katie Daniels State Government Capital Project Fund Journal Entries December 31, 2015 Account Title Debits Credits 1 Encumbrances control for the prior year 1,700,000 Bugetary fund balace, reserve for encumbrances 1,700,000 2 Cash 25,412,000 Tax recievable 2,550,000 Tax revenue 22,862,000 3 Tax recievable 3,105,000 Revenue 3,105,000 4 Encumbrances control 29,000,000 Bugetary fund balance, reserve for encumbrances 29,000,000 Expenditure capital outlay 28,818,000 Contract payable 28,818,000 5 Contract payable 29,000,000 Cash 28,818,000 Contract recievable 182,000 State Government Debt Service Fund Journal Entries December 31, 2015 Account Title Debits Credits 6 Cash 5,300,000 Other financing sources, transfers in 5,300,000 7 Expenditure bond principle 1,800,000 Expenditure bond interest 3,400,000 Bonds payable 5,200,000 8 Cash 25,000,000 Other fincning source, debt refund 25,000,000 Other financing source, debt refund 25,000,000 Cash 25,000,000
CAPITAL PROJECTS FUND GENERAL LEDGER CASH TAXES RECEIVABLE CONTRACTS PAYABLE FUND BALANCE bb 8,700,000 bb 2,550,000 1,875,000 bb 9,375,000 bb 25,412,000 3,105,000 29,000,000 28,818,000 2,550,000 28,818,000 3,105,000 2,057,000 9,375,000 5,294,000 BUDGETARY FUND BALANCE - FUEL TAX CAPITAL RESERVE FOR ENCUMBRANCES ENCUMBRANCES REVENUES EXPENDITURES 1,700,000

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