The Following General Fund Information Is Available for the Preparation

question 95

Essay

The following General Fund information is available for the preparation of the financial statements for the City of Pine Cove for the year ended December 31, 2017.
$\begin{array}{lr}\text{Revenue}\\\text { Property taxes } & \$ 26,400,000 \\\text { Sales taxes } & 10,150,000 \\\text { Fines and forfeits } & 1,320,000 \\\text { Licenses and permits } & 2,160,000 \\\text { Intergovernmental } & 890,000 \\\text { Investment earnings } & 660,000\\\text {Expenditures: }\\\text {Current: }\\\text { General government } & 8,200,000 \\\text { Public safety } & 21,000,000 \\\text { Public works } & 6,300,000 \\\text { Health and sanitation } & 1,200,00 \\\text { Culture and recreation } & 12,160,00\\\text{Other}\\\text { Encumbrances } & 100,000 \\\text { Appropriations } & 40,000,000 \\\text { Estimated Revenues } & 42,000,000 \\\text { Transfer to debt service fund } & 1,130,00 \\\text { Special item-proceeds from sale of land } & 760,000 \\\text { Fund balance, January 1, 2017 } & 7,600,000\end{array}$
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 Pine Cove for the Year Ended December 31, 2017.

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Definitions:

Medical Researchers

Professionals who conduct studies and experiments pertaining to health and medicine to improve knowledge, treatments, and outcomes in healthcare.

Diagnostic Equipment

Tools and devices used in the medical field to identify diseases and conditions in patients, aiding in the assessment and diagnosis process.

Placebo Effect

Is the positive influence on healing of strong belief in the effectiveness of a cure.

Chronic Pain

Persistent or recurring pain that lasts for extended periods, typically longer than three months, impacting an individual's well-being.