Chap018-baker 34

Chap018-baker 34 - and Changes in Fund Balance For Fiscal...

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Chapter 18 - Governmental Entities: Special Funds and Government-Wide Financial Statements 18-34 P18-15 (continued) Fund Balance – Unreserved 2,500,000 Fund Balance – Reserved for Encumbrances 2,500,000 b. West City Capital Projects Fund Balance Sheet June 30, 20X3 Assets Cash $ 3,155,000 Total Assets $ 3,155,000 Liabilities and Fund Balance Contracts Payable – Retained Percentage $ 200,000 Fund Balance: Reserved for Encumbrances $2,500,000 Unreserved 455,000 2,955,000 Total Liabilities and Fund Balance $ 3,155,000 c. West City Capital Projects Fund Statement of Revenues, Expenditures,
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Unformatted text preview: and Changes in Fund Balance For Fiscal Year Ended June 30, 20X3 Expenditures: Capital Outlays: Building Removal $ 45,000 Building Construction 2,000,000 Total Expenditures $ 2,045,000 Deficiency of Revenues over Expenditures $(2,045,000) Other Financing Sources (Uses): Proceeds of Serial Bonds 5,080,000 Transfer Out to Debt Service Fund (80,000) Total Other Financing Sources (Uses) $ 5,000,000 Net Change in Fund Balance $ 2,955,000 Fund Balance, July 1, 20X2-0-Fund Balance, June 30, 20X3 $ 2,955,000...
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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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