Chapter 5 Other Governmental Funds - City of Monroe City...

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City of Monroe - City Jail Construction FundCITY JAIL CAPITAL PROJECTS FUND CONTRACTS PAYABLE reference Account Titles Debits Credits CASH ACCOUNTS PAYABLE RETAINED PERCENTAGE 4,200,000 200,000 50,000 250,000 67,500 67,500 5-C-1 1 Cash 4,200,000 1,320,000 116,000 150,000 1,282,500 Bonds Proceeds 4,000,000 50,000 1,282,500 439,300 Bonds Premium 200,000 150,000 489,300 1,282,500 2 Transfers Out (Transfer to Debt Service Fund) 200,000 3,217,500 To Cash 200,000 489,300 14,700 3 Due from State Government 1,320,000 - - Revenues Intergovernmental 1,320,000 - BUDGETARY FUND BALANCE4 Capital Expenditures 116,000 DUE FROM STATE ENCUMBRANCES RESERVE FOR ENCUMBRANCCash 116,000 GOVERNMENT 4,500,000 1,350,000 1,350,000 4,500,000 1,320,000 1,320,000 439,500 3,150,000 3,150,000 439,500 5 Capital Expenditures 250,000 439,500 439,500 Accounts payable 250,000 6 Accounts payable 50,000 Cash 50,000 - - - 7 Accounts payable 150,000 Cash 150,000 CAPITAL OTHER FIN. USES EXPENDITURES TRANSFERS OUT 8 Encumbrances 4,500,000 116,000 200,000 Reserves for Encumbrances 4,500,000 250,000 14,700 1,350,000 9 Reserves for Encumbrances 1,350,000 3,150,000 Encumbrances 1,350,000 439,300 10 Capital Expenditure 1,350,000 Contracts Payable Retained Percentage 67,500 Accounts Payable 1,282,500 5,305,300 214,700 11 Cash 1,320,000 Due from State Government 1,320,000 REVENUES OTHER FIN. SOURCES OTHER FIN. SOURCES 12 Encumbrances 439,500 INTERGOVERNMENTAL BOND PROCEEDS BOND PREMIUM Reserves for Encumbrances 439,500 1,320,000 4,000,000 200,000 13 Accounts Payable 1,282,500 Cash 1,282,500 1,320,000 4,000,000 200,000 14 Reserves for Encumbrances 3,150,000 Capital Expenditure 3,150,000 Total Debits 5,520,000
City of Monroe - City Jail Construction FundContracts Payable Retained Percentage 67,500 Total Credits 5,520,000 Encumbrances 3,150,000 Cash 3,217,500

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