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Unformatted text preview: Cash $15,300 Property Tax Receivables (net) 4,000 Total Assets $19,300 Liabilities: Vouchers Payable $ 500 Fund Balance: Reserved for Debt Service 18,800 Total Liabilities and Fund Balance $19,300 c. City of Waterman Debt Service Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For Fiscal Year Ended December 31, 20X2 Revenue: Property Taxes $39,000 Expenditures: Principal Retirement $15,000 Interest 15,000 Miscellaneous 1,700 Total Expenditures 31,700 Excess of Revenue over Expenditures $ 7,300 Other Financing Sources (Uses): Transfers In From Capital Projects Fund 11,500 Net Change in Fund Balance $18,800 Fund Balance, January 1, 20X2-0-Fund Balance, December 31, 20X2 $18,800...
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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.
- Fall '11