Scribd Logo
Upload

Welcome to Scribd!

  • 16 views

    Solutiondone 2-278

    Uploaded by

    trilocksp Singh
    The City of Nancy General Fund reported revenues of $2,500,000 for the fiscal year ended December 31, 20X7. Expenditures for the year totaled $2,600,000. The beginning fund balance on January 1, 20X7 was $225,000. Revenues included property taxes, licenses and permits, intergovernmental revenues, proceeds from a short-term note, and other revenues including transfers from other funds. Expenditures were for general government, public safety, highways and streets, health and sanitation, and other purposes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Solutiondone 2-278

    Uploaded by

    trilocksp Singh
    16 views1 page
    The City of Nancy General Fund reported revenues of $2,500,000 for the fiscal year ended December 31, 20X7. Expenditures for the year totaled $2,600,000. The beginning fund balance on January 1, 20X7 was $225,000. Revenues included property taxes, licenses and permits, intergovernmental revenues, proceeds from a short-term note, and other revenues including transfers from other funds. Expenditures were for general government, public safety, highways and streets, health and sanitation, and other purposes.

    Original Description:

    upload

    Original Title

    solutiondone 2-278

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The City of Nancy General Fund reported revenues of $2,500,000 for the fiscal year ended December 31, 20X7. Expenditures for the year totaled $2,600,000. The beginning fund balance on January 1, 20X7 was $225,000. Revenues included property taxes, licenses and permits, intergovernmental revenues, proceeds from a short-term note, and other revenues including transfers from other funds. Expenditures were for general government, public safety, highways and streets, health and sanitation, and other purposes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    16 views1 page

    Solutiondone 2-278

    Uploaded by

    trilocksp Singh
    The City of Nancy General Fund reported revenues of $2,500,000 for the fiscal year ended December 31, 20X7. Expenditures for the year totaled $2,600,000. The beginning fund balance on January 1, 20X7 was $225,000. Revenues included property taxes, licenses and permits, intergovernmental revenues, proceeds from a short-term note, and other revenues including transfers from other funds. Expenditures were for general government, public safety, highways and streets, health and sanitation, and other purposes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 1

    Using the following information prepare the Statement of

    Revenues Expenditures
    Using the following information, prepare the Statement of Revenues, Expenditures, and
    Changes in Fund Balance for the City of Nancy General Fund for the fiscal year ended
    December 31, 20X7.1. Fund Balance, January 1, 20X7, was $225,000.2. Revenues for 20X7
    totaled $2,500,000, includingProperty taxes . . . . . . . . . . . . . . . . . . . . . . . . $1,800,000Licenses
    and permits . . . . . . . . . . . . . . . . . . 190,000Intergovernmental revenues . . . . . . . . . . . .
    310,000Proceeds from short-term note . . . . . . . . . . 50,000Other . . . . . . . . . . . . . . . . . . . . . . . . .
    . . . . . . 150,000Other revenues include $40,000 received from a Capital Projects Fund upon
    completion of the project and termination of the fund and a $65,000 routine annual transfer from
    the city’s Water Enterprise Fund.3. Expenditures for 20X7 totaled $2,600,000, includingGeneral
    government . . . . . . . . . . . . . . . . . . $ 800,000Public safety . . . . . . . . . . . . . . . . . . . . . . . . .
    1,000,000Highways and streets . . . . . . . . . . . . . . . . . . 600,000Health and sanitation . . . . . . . . .
    . . . . . . . . . 150,000Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000View Solution: Using
    the following information prepare the Statement of Revenues Expenditures
    SOLUTION-- http://solutiondone.online/downloads/using-the-following-information-prepare-the-
    statement-of-revenues-expenditures/

    Unlock answers here solutiondone.online

    You might also like