Ch a04 - Chapter 04 - Accounting for the General and...

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Chapter 04 - Accounting for the General and Special Revenue Funds C HAPTER 4 Accounting for the General and Special Revenue Funds 4-1. T HE SOLUTION TO THIS AND THE FIRST EXERCISE OF C HAPTERS 1 THROUGH 9 WILL DIFFER FROM STUDENT TO STUDENT , ASSUMING EACH HAS A DIFFERENT CAFR. 4-2 PART A. VILLAGE OF SEASIDE PINES – GENERAL FUND G ENERAL L EDGER D EBITS C REDITS A PPROPRIATIONS E STIMATED O THER F INANCING U SES B UDGETARY F UND B ALANCE E STIMATED R EVENUE 485,000 35,000 30,000 550,000 P ROPERTY T AX R EVENUE O THER R EVENUES E XPENDITURES : G ENERAL G OVERNMENT E XPENDITURES : P UBLIC S AFETY E NCUMBRANCES T RANSFER O UT F UND B ALANCE 503,000 38,000 175,000 247,000 60,000 33,000 26,000 4-1
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Chapter 04 - Accounting for the General and Special Revenue Funds 4-2 PART B. VILLAGE OF SEASIDE PINES – GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 2012 R EVENUES : P ROPERTY T AXES $503,000 O THER R EVENUES 38,000 T OTAL R EVENUES 541,000 E XPENDITURES : G ENERAL G OVERNMENT 175,000 P UBLIC S AFETY 247,000 T OTAL E XPENDITURES 422,000 E XCESS OF R EVENUES O VER E XPENDITURES 11 9,000 O THER F INANCING S OURCES AND U SES : T RANSFERS O UT (33,000) (33,000) I NCREASE IN F UND B ALANCE 86,000 F UND B ALANCE , J ANUARY 1, 2012 125,000 F UND B ALANCE , D ECEMBER 31, 2012 $ 211,000 4-2 PART C. T OTAL $ N ON - SPENDABLE R ESTRICTED C OMMITTED A SSIGNED U NASSIGNED F UND B ALANCE $ 151,000 7,000 0 144,000 R ESERVE FOR E NCUMBRANCES $ 60,000 60,000 T OTAL F UND B ALANCES $ 211,000 7,000 0 0 60,000 144,000 F UND B ALANCE : N ONSPENDABLE SUPPLIES INVENTORY A SSIGNED FOR CAPITAL ADDITIONS 7,000 60,000 U NASSIGNED 144,000 T OTAL F UND B ALANCES 211,000 4-2
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Chapter 04 - Accounting for the General and Special Revenue Funds 4-3. CITY OF CARTER SUMMER EMPLOYMENT GRANT FUND GENERAL JOURNAL D EBITS C REDITS 1. E STIMATED R EVENUES C ONTROL A PPROPRIATIONS C ONTROL 325,000 325,000 2. C ASH D UE TO G ENERAL F UND 325,000 325,000 3A. E XPENDITURES C ONTROL C ASH A CCRUED W AGES P AYABLE 317,000 312,000 5,000 3B. G RANTS R ECEIVABLE -F EDERAL G OVERNMENT R EVENUES C ONTROL 317,000 317,000 4. C ASH G RANTS R ECEIVABLE -F EDERAL G OVERNMENT 298,000 298,000 5. A PPROPRIATIONS C ONTROL E STIMATED R EVENUES C ONTROL 325,000 325,000 R EVENUES C ONTROL U NRESERVED F UND B ALANCE E XPENDITURES C ONTROL 317,000 0 317,000 4-3
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Chapter 04 - Accounting for the General and Special Revenue Funds 4-4. TOWN OF QUINCY GENERAL FUND GENERAL JOURNAL D EBITS C REDITS A. D EFERRED R EVENUES -P ROPERTY T AXES R EVENUES C ONTROL 182,000 182,000 B. T AXES R ECEIVABLE -C URRENT E STIMATED U NCOLLECTIBLE C URRENT T AXES R EVENUES C ONTROL 10,000,000 300,000 9,700,000 C. C ASH T AXES R ECEIVABLE -C URRENT 4,600,000 4,600,000 D. C ASH T AXES R ECEIVABLE -C URRENT 4,800,000 4,800,000 E. E
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This note was uploaded on 02/16/2012 for the course ACC 5823 taught by Professor Sanders during the Spring '12 term at The University of Texas at San Antonio- San Antonio.

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Ch a04 - Chapter 04 - Accounting for the General and...

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