This page and the next
two pages report data
from chapter 3
Chapter 4 data starts with
this page
4b.
Cash 553,615$
Taxes receivable—delinquent 209,071$
Less: Allowance for uncollectible delinquent taxes 105,430 103,641
City of Smithville
General Fund Balance Sheet
December 31, 2017
Assets
Nonspendable—inventory of supplies 67,420$
4c.
Revenues:
1,679,070$
Taxes—sales 1,981,203
Interest and penalties on taxes 12,556
Licenses and permits 601,314
Expenditures:
General government 663,352$
Public safety 2,557,050
Public works 884,889
Increase in Inventory of Supplies*
Fund Balances, December 31 586,671$
* Note: Under the purchases method an increase in inventory increases nonspendable
fund balance but does not affect expenditures. This results in a net increase in fund
balances equal to the increase in the inventory of supplies
City of Smithville
General Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
For the Year Ended December 31, 2017
4d.
Actual Amounts Variance
Original Final Budget Basis Over(Under)
Revenues:
Taxes—real property 1,679,070$ 1,679,070$ 1,679,070$ –$
Taxes—sales 1,960,000 1,980,000 1,981,203 1,203
Interest and penalties on taxes 9,000 9,000 12,556 3,556
Total Taxes 3,648,070 3,668,070 3,672,829 4,759
Licenses and permits
600,000 600,000 601,314 1,314
Fines and forfeits 410,000 410,000 410,660 660
City of Smithville
General Fund
Statement of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual
For the Year Ended December 31, 2017
Budgeted Amounts
4e.
Reconciliation of Budgetary Basis to GAAP Basis
5c.
As of December 31, 2017
Assets
City of Smithville
Street Improvement Capital Projects Fund
Balance Sheet
Revenues:
Sales taxes 510,000$
Expenditures:
Construction—Elm Street Project
2,245,330$
Construction—Spruce Street Project 90,000
City of Smithville
Street Improvement Capital Projects Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
For the Year Ended December 31, 2017