The Following Information Was Available for the General Fund of the City

question 111

Essay

The following information was available for the General Fund of the City of Thomasville for the Year Ended December 31,2014:
(a)Revenues for the year included property taxes in the amount of $6,612,000,fines and forfeits in the amount of $ 700,000,and miscellaneous in the amount of $400,000.
(b)Expenditures from current appropriations included:
general government,$4,847,000; public safety,$1,924,000; culture and recreation,812,000.
(c)In addition to (b)above,expenditures related to prior year appropriations (encumbered last year)amounted to $40,000 (public safety).Encumbrances issued this year but not filled amounted to $60,000 (general government).
(d)A transfer was made from the General Fund to a debt service fund in the amount of $500,000.A transfer was made from an enterprise fund to the General Fund in the amount of $450,000.
(e)A sale of park land was made during the year,which was considered infrequent but not unusual and under the control of management.The proceeds amounted to $126,000,and the land had a basis of $90,000 reported in the government-wide Statement of Net Assets the year before.
(f)Beginning balances included Fund Balance in the amount of $222,000.
Required:
Prepare a Statement of Revenues,Expenditures,and Changes in Fund Balances for the General Fund for the City of Thomasville for the Year Ended December 31,2014.

---

Definitions:

North America

A continent located in the Northern Hemisphere, mainly situated between the Atlantic and Pacific Oceans, comprising countries like the United States, Canada, and Mexico.

Immigrating

The act of moving to a new country or region with the intention of settling and living there, often driven by factors such as employment, family, or refuge.

Discriminate

To unjustly differentiate or distinguish between people based on race, age, sex, or other prejudicial status.

Prejudiced

Having preconceived opinions or judgments about people or groups without sufficient knowledge or experience.