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

question 62

Essay

The following information was available for the General Fund of the City of Thomasville for the Year Ended December 31, 2017:
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, $1,884,000; 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, 2017.

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Definitions:

Sociodramatic Play

A form of play where children enact real-life roles or fictional scenarios, fostering social and cognitive development.

Emotional Regulation

The process through which individuals influence their emotions, how they experience and express them.

Self-Directed Search

A self-administered, scored, and interpreted interest inventory that was created by Holland and uses his personality types.