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

question 9

Essay

The following information was available for the General Fund of the City of Thomasville for the Year Ended December 31,2015:
(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 Position 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 31,2015.

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Definitions:

Relationship Development

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Social Reality

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