General Fund – General Ledger
# date Journal Entries debits credits CASH
1 Jan. 1 Encumbrances 11,806 bb 18,000 ALLOWANCE FOR
Budgetary Fund Balance Reserve for Encumbrances 11,806 TAXES RECEIVABLE UNCOLLECTIBLE TAXES SUPPLIES
additional debit account
To re-establish outstanding encumbrances bb – – bb bb 13,000
– – 13,000 –
18,000
SHORT-TERM DUE TO (total)
additional credit account ACCOUNTS PAYABLE NOTE PAYABLE OTHER FUNDS FUND BALANCE
– bb – bb – bb 31,000 bb
– – – – 31,000
FEES, LICENSES & INTERGOVERNMENTAL EDUCATION PROGRAM
RESERVE FOR ENCUMBRANCES
PROPERTY TAX REVENUE SALES TAX REVENUE PERMITS REVENUE REVENUES FEE REVENUE
– – – – –
GENERAL GOVERNMENT PUBLIC SAFETY EDUCATION OTHER FINANCING OTHER FINANCING USES
EXPENDITURES EXPENDITURES EXPENDITURES SOURCES TRANSFERS OUT
– – – – –
BUDGETARY ACCOUNTS ESTIMATED OTHER BUDGETARY
ESTIMATED REVENUES APPROPRIATIONS FINANCING USES FUND BALANCE
– – – –
BUDGETARY FUND BALANCE
ENCUMBRANCES RESERVE FOR ENCUMBRANCES
– bb
111,806 11,806 1
11,806
11,806
T. Debits 42,806
T. Credits 42,806
–
# date Journal Entries debits credits DEBT SERVICE FUND GENERAL LEDGER
type accounts to be debited here
type accounts to be credited here CASH FUND BALANCE
bb – – bb
– –
OTHER FINANCING SOURCES EXPENDITURES EXPENDITURES
TRANSFERS IN BOND PRINCIPAL BOND INTEREST
– – –
T. Debits –
T. Credits –
# date Journal Entries debits credits
type accounts to be debited here
type accounts to be credited here CONSTRUCTION
BUILDINGS & STRUCT EQUIPMENT IN PROCESS
bb 1,395,000 bb 480,000 bb –
1,395,000 480,000 –
ACCUMULATED DEPR ACCUMULATED DEPR INVESTMENT IN
BUILDINGS & STRUCT EQUIP & MACHINERY GEN. FIXED ASSETS
bb bb 1,875,000 bb
– – 1,875,000
AMOUNT TO BE
PROVIDED FOR DEBT BOND PREMIUM BONDS PAYABLE
bb 1,875,000 bb 1,875,000 bb
1,875,000
– 1,875,000
T. Debits 3,750,000
T. Credits 3,750,000
GENERAL FIXED ASSET ACCOUNT GROUP
GENERAL LONG-TERM DEBT ACCOUNT GROUP
PROVINCE OF EUROPA
GOVERNMENTAL FUNDS
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
FOR THE YEAR ENDED DECEMBER 31, 2091
General
Debt
Service
Capital
Projects
Total
Governmental
Funds
Revenues
Property Taxes –$
Sales Taxes –
Fees, Licenses and Permits –
Intergovernmental Revenues –
Education Program Fee Revenues –
Total Revenues – – – –
Expenditures
Current:
General Government Operations –
Public Safety –
Education –
Capital Outlay –
Debt Service –
Principal –
Interest –
Total Expenditures – – – –
Excess (Deficiency) of Revenues Over Expenditures – – – –
Other Financing Sources (Uses) –
Proceeds of Bonds –
Premium on Bonds Sold –
Transfers In –
Transfers Out – Enter transfers out as negative and transfers in as positive amounts
Total Other Financing Sources (Uses) – – – –
Net Change in Fund Balance – – – –
Fund Balance, January 1, 2091 – – –
Fund Balance, December 31, 2091 –$ –$ –$ –$
PROVICE OF EUROPA
GOVERNMENTAL FUNDS
BALANCE SHEET
AS OF DECEMBER 31, 2091
General
Debt
Service
Capital
Projects
Total
Governmental
Funds
Assets
Cash –$
Taxes Reveivable – Gross –
Less: Allowance uncollectibles taxes –
Supplies Inventory –
Total Assets –$ –$ –$ –$
Liabilities and Fund Equity
Liabilities
Accounts Payable –$
Contracts Payable –
Short Term Notes Payable –
Due to Other funds –
Total Liabilities – – – –
Fund Balances
Nonspendable – supplies –
Committed – contractual obligations –
Assigned for: –
Debt Service –
Capital Acquisitions –
Unassigned –
Total Fund Balance – – – –
Total Liabilities and Fund Equity –$ –$ –$ –$
PROVINCE OF EUROPA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE – BUDGET AND ACTUAL
GENERAL FUND
FOR THE YEAR ENDED DECEMBER 31, 2091
Budgeted Amounts
Original Final
Actual Amounts
(Budgetary Basis)
Variance with
Final Budget
Revenues
Property Taxes –$
Sales Taxes –
Fees, Licenses and Permits –
Intergovernmental Revenues –
Education Program Fee Revenues –
Total Revenues – – – –
Expenditures
Current year Expenditures & Encumbrances:
General Government Operations –
Public Safety –
Education –
–
Total Expenditures – – – –
Excess (Deficiency) of Revenues Over Expenditures – – – –
Other Financing Sources (Uses) –
Transfers Out –
Total Other Financing Sources (Uses) – – – –
Net Change in Fund Balance –$ –$ –$ –$
Reconciliation:
Excess of 2090 Reserved for Encumbrances over Related Actual Expenditure in 2091
Reserve for encumbrances, December 31, 2091
Unassigned Fund Balance, January 1, 2091 Total fund balance less encumbrances at 12/31/2090
Total fund balance, December 31, 2091 –$