The following transactions occurred during the 2017 fiscal

year for #6785

The following transactions occurred during the 2017 fiscal year for the City of Evergreen. For
budgetary purposes, the city reports encumbrances in the Expenditures section of its budgetary
comparison schedule for the General Fund but excludes expenditures chargeable to a prior
year's appropriation.1. The budget prepared for the fiscal year 2017 was as follows:Estimated
Revenues:Taxes...................................................................... $1,943,000Licenses and
permits.................................................... 372,000Intergovernmental
revenue............................................. 397,000Miscellaneous
revenues................................................. 62,000Total estimated
revenues................................................ 2,774,000Appropriations:General
government...................................................... 471,000Public
safety............................................................... 886,000Public
works............................................................... 650,000Health and
welfare........................................................
600,000Miscellaneous.............................................................. 86,000Total
appropriations....................................................... 2,693,000Budgeted increase in fund
balance..................................... $ 81,0002. Encumbrances issued against the appropriations
during the year were as follows:General government............................... $ 58,000Public
safety........................................ 250,000Public works....................................... 392,000Health
and welfare................................ 160,000Miscellaneous.....................................
71,000Total............................................... $931,0003. The current year's tax levy of $2,005,000
was recorded; uncollectibles were estimated as $65,000.4. Tax collections from prior years'
levies totaled $132,000; collections of the current year's levy totaled $1,459,000.5. Personnel
costs during the year were charged to the following appropriations in the amounts indicated.
Encumbrances were not recorded for personnel costs. Since no liabilities currently exist for
withholdings, you may ignore any FICA or federal or state income tax withholdings.General
government.................................... $ 411,000Public safety..............................................
635,000Public works.............................................. 254,000Health and
welfare......................................... 439,000Miscellaneous.............................................
11,100Credit to Vouchers Payable............................. $1,750,1006. Invoices for all items ordered
during the prior year were received and approved for payment in the amount of $14,470.
Encumbrances had been recorded in the prior year for these items in the amount of $14,000.
The amount chargeable to each year's appropriations should be charged to the Public Safety
appropriation.7. Invoices were received and approved for payment for items ordered in
documents recorded as encumbrances in Transaction (2) of this problem. The following
appropriations were affected.8. Revenue other than taxes collected during the year consisted of
licenses and permits, $373,000; intergovernmental revenue, $400,000; and $66,000 of
miscellaneous revenues. For purposes of accounting for these revenues at the government-
wide level, the intergovernmental revenues were operating grants and contributions for the
Public Safety function. Miscellaneous revenues are not identifiable with any function and,
therefore, are recorded as General Revenues at the government-wide level.9. Payments on
Vouchers Payable totaled $2,505,000. Additional information follows: The General Fund
Balance-Unassigned account had a credit balance of $96,900 as of December 31, 2016; no
entries have been made in the Fund Balance-Unassigned account during 2017.Requireda.
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 Record the preceding transactions in general journal form for fiscal year 2017 in both the
General Fund and governmental activities general journals.b. Prepare a budgetary comparison
schedule for the General Fund of the City of Evergreen for the fiscal year ending December 31,
2017, as shown in Illustration 4-5. Do not prepare a government-wide statement of activities
since other governmental funds would affect that statement.View Solution:
The following transactions occurred during the 2017 fiscal year for

ANSWER
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