The Following General Fund Information Is Available for the Preparation $$\begin{array}{l}\text { Revenues: }\\\begin{array} { l | r } \end{array}\end{array}$$

question 31

Essay

The following general fund information is available for the preparation of the financial statements for the City of Lonesome Pines for the year ended December 31, 2009.
$$\begin{array}{l}\text { Revenues: }\\\begin{array} { l | r } \end{array}\end{array}$$


$\begin{array}{l}\begin{array} { l } \text { Property taxes } & \\\text { Sales taxes } & \\\text { Fines and forfeits } & \\\text { Licenses and permits } & \\\text { Intergovernmental } &\\\text { Investment earnings } & \\\text { Expenditures: } & \\\text { Current: } & \\\text { General government } & \\\text { Public safety } & \\\text { Public works } & \\\text { Health and sanitation } & \\\text { Culture and recreation } & \\\text { Other: } &\\\text { Encumbrances } & \\\text { Appropriations } & \\\text { Estimated Revenues } & \\\text { Transfer to debt service fund } & \\\text { Special item-proceeds from sale of land } & \\\text { Fund balance, January } 1,2009 &\end{array}\begin{array} { l } \$ 26,800,000 \\10,150,000 \\1,320,000 \\1,840,000 \\890,000 \\660,000 \\\\\\8,200,000 \\20,980,000 \\6,300,000 \\1,200,000 \\2,160,000 \\\\100,000 \\41,000,000 \\42,000,000 \\1,130,000 \\620,000 \\3,200,000\end{array}\end{array}$
Required: From the information given above, prepare, in good form, a General Fund Statement of Revenues, Expenditures and Changes in Fund Balances for the City of Lonesome Pines for the Year Ended December 31, 2009.

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Definitions:

Industrial Accidents

Unplanned events that occur in the workplace resulting in injury, death, or property damage.

Negative Effects

Unwanted, adverse outcomes or impacts that result from an action, event, or condition.

Absenteeism

The frequent absence from work or another duty without good reason.

Quid Pro Quo

A Latin phrase meaning "something for something," which refers to a mutually beneficial exchange or transaction.