Prepare the Statement of Revenues, Expenditures, and Changes in Fund Balance. The Main City presents its income by sources and its expenses by function. The transactions and activities are: Property-tax revenues $3,000 Utilities 50 Wages and salaries 900 Transfer to debt service fund 100 Estimated revenues 3,500 State grant 800 Annual insurance premium 200 Proceeds of long-term debt 1,000 General administration 1,200 Charges for current services 600 Public safety 2,000 Reimbursement from capital projects fund 100 Fund balance, beginning of year 20,000 Other taxes 750 Sanitation 500 Sale of capital assets 400
Prepare the Statement of Revenues, Expenditures, and Changes in Fund Balance. The Main City presents its income by sources and its expenses by function. The transactions and activities are:
Property-tax revenues $3,000
Utilities 50
Wages and salaries 900
Transfer to debt service fund 100
Estimated revenues 3,500
State grant 800
Annual insurance premium 200
Proceeds of long-term debt 1,000
General administration 1,200
Charges for current services 600
Public safety 2,000
Reimbursement from capital projects fund 100
Fund balance, beginning of year 20,000
Other taxes 750
Sanitation 500
Sale of capital assets 400
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