Chap018-baker 15

Chap018-baker 15 - Statement of Revenues, Expenditures, and...

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Chapter 18 - Governmental Entities: Special Funds and Government-Wide Financial Statements 18-15 E18-6 (continued) Fund Balance – Unreserved 200,500 Expenditures 194,500 Other Financing Uses – Transfer Out to Debt Service Fund 6,000 4. Transfer of ending balance and close transfer account: Other Financing Uses – Transfer Out to Debt Service Fund 5,500 Cash 5,500 Record transfer of remainder to Debt Service. Fund Balance – Unreserved 5,500 Other Financing Uses – Transfer Out to Debt Service Fund 5,500 Close transfer out against unreserved fund balance. b. City of Waterman Capital Projects Fund
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Unformatted text preview: Statement of Revenues, Expenditures, and Changes in Fund Balance For Fiscal Year Ended December 31, 20X2 Revenue: County Grant $ 50,000 Expenditures: Capital Outlay 194,500 Deficiency due to excess of Expenditures over Revenue $(144,500) Other Financing Sources (Uses): Proceeds of Bond Issue $156,000 Transfer Out to Debt Service Fund--Premium (6,000) Transfer Out to Debt Service Fund--Remainder (5,500) Total Other Financing Sources (Uses) 144,500 Net Change in Fund Balance $ -0-Fund Balance, January 1, 20X2-0-Fund Balance, December 31, 20X2 $-0-...
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This note was uploaded on 10/09/2011 for the course ACC 253 taught by Professor Strimling during the Fall '11 term at Harper.

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