Professional Documents
Culture Documents
3-18.
Debits
a.
ESTIMATED REVENUES
Credits
32,150,000
25,000
APPROPRIATIONS
b.
32,175,000
The answer is no to both parts of the question. Subject to an ordinance or policy that requires a minimum
end-of-year fund balance, any spendable fund balances above that amount can be considered available for
appropriation in the same manner as revenues and other financing sources. Consequently, if the sum of any
excess fund balances and estimated revenues exceeds appropriations, then town officials would be in compliance
with any balanced budget requirement. In fact, legislative bodies often budget the use of a portion of fund balance
if it exceeds any minimum requirement established by law or policy.
c.
Fund BalanceUnassigned at 9-30-2016 after all closing entries will be $505,000, as shown below:
SPENDABLE FUND BALANCES
Fund BalanceUnassigned as of 9-30-2015
$ 500,000
32,190,000
3-1
(32,185,000)
$ 505,000
3-2
3-20.
Town of Willingdon
General Ledger
Debits
ESTIMATED REVENUES
Credits
Subsidiary Ledger
Debits
Credits
16,650,000
BUDGETARY FUND
BALANCE
APPROPRIATIONS
50,000
16,600,000
15,000,000
INTERGOVERNMENTAL REVENUES
1,000,000
400,000
150,000
MISCELLANEOUS REVENUES
100,000
Appropriations Ledger:
GENERAL GOVERNMENT
8,000,000
PUBLIC SAFETY
6,000,000
PUBLIC WORKS
1,550,000
950,000
3-3
MISCELLANEOUS
100,000
ESTIMATED REVENUES
Credits
Subsidiary Ledger
Debits
2,700,000
BUDGETARY FUND
BALANCE
APPROPRIATIONS
50,000
2,650,000
1,900,000
350,000
250,000
INTERGOVERNMENTAL
REVENUES
200,000
Appropriations Ledger:
3-4
Credits
GENERAL GOVERNMENT
500,000
PUBLIC SAFETY
1,600,000
PUBLIC WORKS
350,000
150,000
MISCELLANEOUS
50,000
b.
General Ledger
Debits
1.
CASH
Credits
Subsidiary Ledger
Debits
Credits
43,000
REVENUES
43,000
Revenues Ledger:
2.
31,000
12,000
ENCUMBRANCES2017
29,900
ENCUMBRANCES
OUTSTANDING2017
29,900
Encumbrances Ledger:
GENERAL GOVERNMENT
7,400
PUBLIC SAFETY
11,300
PUBLIC WORKS
6,100
3-5
4,200
MISCELLANEOUS
3.
900
ENCUMBRANCES
OUTSTANDING2017
29,100
ENCUMBRANCES2017
EXPENDITURES2017
29,100
29,200
CASH
29,200
Encumbrances Ledger:
GENERAL GOVERNMENT
7,400
PUBLIC SAFETY
10,700
PUBLIC WORKS
5,900
4,200
MISCELLANEOUS
900
General Ledger
Debits
Credits
Subsidiary Ledger
Debits
Expenditures Ledger:
GENERAL GOVERNMENT
7,300
PUBLIC SAFETY
10,800
PUBLIC WORKS
6,100
4,100
MISCELLANEOUS
900
3-6
Credits
d.
BUDGETED
$1,900,000
ACTUAL
REVENUE
-0-
$1,900,000
350,000
31,000
319,000
250,000
12,000
238,000
INTERGOVERNMENTAL
200,000
-0-
200,000
ENCUMBRANCES
$ 500,000
$ -0-
$ 7,300
$ 492,700
PUBLIC SAFETY
1,600,000
600
10,800
1,588,600
PUBLIC WORKS
350,000
200
6,100
343,700
150,000
-0-
4,100
145,900
50,000
-0-
900
49,100
$2,650,000
$800
$29,200
$2,620,000
GENERAL GOVERNMENT
MISCELLANEOUS
TOTAL
3-7
EXPENDITURES
APPROPRIATIONS
3-8
3-25.
WESTOVER VILLAGE
Statement of Activities (partial)
For the Year Ended June 30, 2017
Net (Expense)
Revenue and
Changes in Net
Assets
Expenses
Functions/Programs
Primary Government
General government
Public safety
Health and sanitation
Culture and recreation
Interest on long-term debt
Total governmental activities
$ 9,571
34,844
6,738
12,352
6,068
$ 69,573
Program Revenues
Charges for
Operating
Capital
Services
Grants
Grants
$ 3,146
1,198
5,612
3,995
_______
$ 13,951
$ 843
1,307
$ 62
2,450
_____
$4,600
____
$ 62
General revenues:
Property taxes
Unrestricted grants and contributions
Investment earnings
Total general revenues
Special itemgain on sale of park land
Total general revenues and special
items
Change in net position
Net positionJuly 1, 2016
Net positionJune 30, 2017
3- 9
Governmental
Activities
$
(5,582)
(32,277)
(1,126)
(5,907)
(6,068)
(50,960)
56,300
1,200
1,958
59,458
3,473
62,931
11,971
1,643
$13,614
3-10