The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of the fiscal year appeared as follows:
Revenues Ledger
Est. Revenues Revenues Balance
Account Ref. Year Account Title Dr(Cr) Cr(Dr) Dr(Cr)
3/4020 Taxes-Real Property
101 2017 Budget Authorization 764,000 764,000
102 2017 Received in Cash 212,600 551,400
3/4050 Licenses and Permits
101 2017 Budget Authorization 114,000 114,000
102 2017 Received in Cash 11,400 102,600
3/4070 Intergovernmental Revenue
101 2017 Budget Authorization 64,000 64,000
102 2017 Received in Cash 16,400 47,600
103 2017 13,900 61,500
Account Ref Account / Description Encumbrances Increase Dr Appropriation Encumbrances Decrease (Cr) Ledger Encumbrances Balance Dr(Cr) Expenditures Dr(Cr) Expenditures Balance Dr(Cr) Appropriation Cr(Dr) Balance Cr(Dr)
5/6/7020 General Government
101 Budget Authorization 649,000 649,000
102 Payroll 162,600 162,600 486,400
103 Utilities and Others 13,600 176,200 472,800
5/6/7030 Public Safety
101 Budget Authorization 139,000 139,000
102 Payroll 26,400 26,400 112,600
5/6/7050 Health and Welfare
101 Budget Authorization 99,000 99,000
102 Goods Received 13,600 13,600 85,400
5/6/7070 Miscellaneous
101 Budget Authorization 51,400 51,400
Required:
Assuming that there are no other General Fund revenue or expenditure transactions answer the following questions.
a. What were the original approved budget amounts for Estimated Revenues and for Appropriations?
b. (1) Was the Estimated Revenues budget adjusted during the year?
(2) If so, by how much?
(3) If so, was the original budget increased or decreased?
c. (1) What are the current balances of the Estimated Revenues and Appropriations control accounts?
(2) What are the current balances of the Revenues and Expenditures control accounts?
Answers: 1
Other questions on the subject: Business
Business, 21.06.2019 22:30, indiareed0orv5ul
What two elements normally must exist before a person can be held liable for a crime
Answers: 1
Business, 22.06.2019 21:50, nakarelinp0p303
scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.
Answers: 1
Business, 22.06.2019 22:00, nsg0686
Acontractor was awarded a purchase order for commercial items for $1.5 million under the authority of far subpart 13.5. the purchase order was issued in november 2010 and containedall applicable clauses that were current as of the date of the purchase order. under the purchase order, the contractor is required to comply with a small business subcontracting plan that contains all of the required elements. which of the following is true? a. the contractor must submit a standard form 294, subcontracting report for individual contracts. b. the contractor must submit an individual subcontracting report through the electronic subcontracting reporting system (esrs). c. the contractor may submit either an sf 294 or report its subcontracting through esrs. d. the contractor is not required to submit any subcontracting reports.
Answers: 1
Business, 22.06.2019 23:30, glissman8459
What is the difference between career options in the law enforcement pathway and career options in the correction services pathway?
Answers: 1
You know the right answer?
The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of t...
Questions in other subjects:
