Reserve for encumbrances encumbrances revenues

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RESERVE FOR ENCUMBRANCES ENCUMBRANCES REVENUES EXPENDITURES 1,700,000 1 1 1,700,000 22,862,000 2 29,000,000 3 3 29,000,000 3,105,000 2 4 28,900,000 28,900,000 4 4 28,900,000 1,800,000 1,800,000 25,967,000 28,900,000 Total debit balances 39,099,000 Total credit balances 39,099,000 DEBT SERVICE FUND GENERAL LEDGER EXPENDITURES EXPENDITURES CASH FUND BALANCE BOND PRINCIPAL BOND INTEREST bb 175,000 175,000 bb 6 5,300,000 7 1,800,000 7 3,400,000 5,200,000 7 8 25,000,000 25,000,000 8 275,000 175,000 1,800,000 3,400,000 OTHER FINANCING SOURCES OTHER FINANCING USES OTHER FINANCING SOURCES REFUNDING OF EXISTING DEBT REFUNDING OF EXISTING DEBT TRANSFERS IN 25,000,000 8 8 25,000,000 5,300,000 6 25,000,000 25,000,000 5,300,000 Total debit balances 30,475,000 Total credit balances 30,475,000
STATE GOVERNMENT Capital project Fund Closing Entries December 31, 2015 Account Title Debits Credits CAPITAL PROJECTS FUND FUND BALANCE Fuel tax revenues 25,967,000 9,375,000 bb Fund balance 2,933,000 2,933,000 closing entry Capital Expenditures 28,900,000 6,442,000 1,800,000 Encumbrances 1,800,000 Non-spendable Restricted Assigned Unassigned Total Fund Balance 6,442,000 6,442,000 STATE GOVERNMENT Debt service fund closing entries December 31, 2015 Account Title Debits Credits DEBT SERVICE FUND FUND BALANCE OFS - Bond refunding 25,000,000 175,000 bb OFS - transfers in 5,300,000 100,000 closing entry Expenditures - bond principal 1,800,000 Expenditures - bond interest 3,400,000 OFU - bond refunding 25,000,000 275,000 Fund balance reserved for debt service 100,000 Non-spendable

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