Year Ref Account Description Debits Credits Balance
Dr(Cr)
2020 104 6b-10 4,000 1,359,600
2020 104 6b-11 600,000 759,600
Taxes Receivable-Current
2020 103 6b-2 705,000 705,000
2020 103 6b-6 675,000 30,000
2020 105 6b-12 5,000 (59,000)
Interest and Penalties Receivable on Taxes
2019 101 6a 9,600 9,600
2020 103 6b-6 600 9,000
2020 105 6b-12 1,200 10,200
General Ledger
City of Bingham
4 – Debt Service Fund
2020 103 6b-4 500,000 500,000
2020 103 6b-8 300,000 200,000
Deferred Inflows of Resources
2019 101 6a 39,640 (39,640)
2020 103 6b-6 10,600 (29,040)
2020 102 6b-1 700,000 700,000
2020 106 Closing Entry 700,000 0
Estimated Revenues-Interest and Penalties on Taxes
2020 102 6b-1 2,000 2,000
2020 106 Closing Entry 2,000 0
General Ledger
City of Bingham
4 – Debt Service Fund
2020 102 6b-1 75,000 75,000
2020 106 Closing Entry 75,000 0
Estimated Other Financing Sources-Interfund Transfers In
2020 102 6b-1 50,000 50,000
2020 104 6b-10 4,000 54,000
2020 103 6b-7 7,500 (7,500)
2020 107 Closing Entry 7,500 0
Other Financing Sources-Premium on Bonds
2020 103 6b-3 75,000 (75,000)
2020 107 Closing Entry 75,000 0
General Ledger
City of Bingham
4 – Debt Service Fund
Year Ref Account Description Debits Credits Balance
Dr(Cr)
2020 104 6b-11 500,000 500,000
2020 107 Closing Entry 500,000 0
Expenditures-Bond Interest
2020 103 6b-5 100,000 100,000
2020 103 6b-9 112,500 212,500
2020 104 6b-11 100,000 312,500
2020 107 Closing Entry 312,500 0
General Ledger
City of Bingham
4 – Debt Service Fund
Year Ref Posted Acct# – Name Description Debits Credits
2019 101 X 1010 – Cash 7a 526,692
2019 101 X 1020 – Restricted Cash-Customer Deposits 7a 67,840
2019 101 X 1220 – Customer Accounts Receivable 7a 181,524
2019 101 X 1221 – Accumulated Provision for Uncollectible Accounts 7a 5,266
2019 101 X 2610 – Net Position-Net Investment in Capital Assets 7a 1,834,118
2019 101 X 2620 – Net Position-Unrestricted 7a 266,098
2020 102 X 2320 – Accrued Interest Payable 7b-1 477,510
2020 102 X 1010 – Cash 7b-1 477,510
2020 102 X 1220 – Customer Accounts Receivable 7b-2 3,124,500
2020 102 X 1010 – Cash 7b-6 985,650
2020 103 X 6510 – Operation Expense 7b-7 275,000
2020 103 X 6520 – Maintenance Expense 7b-7 130,000
2020 103 X 1270 – Construction Work in Progress 7b-7 166,000
2020 103 X 1240 – Inventory of Supplies 7b-7 571,000
General Journal
City of Bingham
6 – Water Utility Fund
Year Ref Posted Acct# – Name Description Debits Credits
2020 103 X 1010 – Cash 7b-8 477,510
2020 103 X 1270 – Construction Work in Progress 7b-9 35,000
2020 103 X 6560 – Interest on Long-Term Debt 7b-9 35,000
2020 103 X 1270 – Construction Work in Progress 7b-10 390,000
2020 103 X 1010 – Cash 7b-10 390,000
2020 103 X 1250 – Utility Plant in Service 7b-11 1,120,750
2020 103 X 1270 – Construction Work in Progress 7b-11 1,120,750
2020 103 X 2030 – Customer Deposits 7b-12 1,750
2020 104 X 1020 – Restricted Cash-Customer Deposits 7b-14 7,304
2020 104 X 2030 – Customer Deposits 7b-14 7,304
2020 104 X 2010 – Vouchers Payable 7b-15 518,600
2020 104 X 1010 – Cash 7b-15 518,600
2020 104 X 6510 – Operation Expense 7b-16 2,154
2020 108 X 4510 – Sales of Water Closing Entry 3,174,500
2020 108 X 6510 – Operation Expense Closing Entry 922,904
2020 108 X 6520 – Maintenance Expense Closing Entry 299,400
General Journal
City of Bingham
6 – Water Utility Fund
General Journal Prepared by: Author Page 2 of 3
Year Ref Posted Acct# – Name Description Debits Credits
2020 108 X 6530 – Depreciation Expense Closing Entry 420,849
2020 108 X 6550 – Uncollectible Accounts Closing Entry 4,954
General Journal
City of Bingham
6 – Water Utility Fund
General Journal Prepared by: Author Page 3 of 3
Year Ref Account Description Debits Credits Balance
Dr(Cr)
2020 104 7b-16 2,154 746,018
Restricted Cash-Customer Deposits
2019 101 7a 67,840 67,840
2020 104 7b-12 1,750 66,090
2020 104 7b-13 2,500 63,590
2019 101 7a 5,266 (5,266)
2020 103 7b-12 4,400 (866)
2020 106 7b-17b 4,954 (5,820)
Inventory of Supplies
2019 101 7a 101,799 101,799
General Ledger
City of Bingham
6 – Water Utility Fund
2020 102 7b-2 50,000 72,400
2020 102 7b-3 22,400 50,000
Utility Plant in Service
2019 101 7a 21,042,463 21,042,463
2020 103 7b-11 1,120,750 22,163,213
Vouchers Payable
2019 101 7a 83,541 (83,541)
2020 102 7b-5 610,500 (694,041)
2020 104 7b-15 518,600 (175,441)
Customer Deposits
General Ledger
City of Bingham
6 – Water Utility Fund
Year Ref Account Description Debits Credits Balance
Dr(Cr)
2019 101 7a 477,510 (477,510)
2020 102 7b-1 477,510 0
0)
Bond Discounts on Revenue Bonds Payable
2019 101 7a 71,720 71,720
2020 103 7b-8 1,793 69,927
2020 107 7b-17c 1,793 68,134
Operation Expense
2020 102 7b-6 645,750 645,750
2020 103 7b-7 275,000 920,750
2020 104 7b-16 2,154 922,904
2020 108 Closing Entry 922,904 0
Maintenance Expense
2020 102 7b-6 169,400 169,400
2020 103 7b-7 130,000 299,400
2020 108 Closing Entry 299,400 0
General Ledger
City of Bingham
6 – Water Utility Fund
Depreciation Expense
2020 105 7b-17a 420,849 420,849
2020 108 Closing Entry 420,849 0
Uncollectible Accounts
2020 106 7b-17b 4,954 4,954
General Ledger
City of Bingham
6 – Water Utility Fund
Year Ref Posted Acct# – Name Description Debits Credits
2021 101 X 1010 – Cash 8a-1 220,000
2021 101 X 1071 – Investments-Bonds 8a-1 622,000
2021 101 X 1090 – Interest Receivable on Investments 8a-1 3,100
2021 101 X 2031 – Due to Debt Service Fund 8a-1 220,000
2021 101 X 1072 – Investments-CDS 8a-5 10,000
2021 101 X 2480 – Undistributed Earnings on Pooled Investments 8a-5 150
2021 102 X 1090 – Interest Receivable on Investments 8a-6 13,800
2021 102 X 2480 – Undistributed Earnings on Pooled Investments 8a-6 13,800
2021 102 X 1071 – Investments-Bonds 8a-7 4,000
2021 104 X 1010 – Cash 8a-9 200,000
2021 103 X 4800 – Additions-Deposits in Pooled Investments Closing Entry 625,100
2021 103 X 4810 – Additions-Investment Earning Closing Entry 17,131
2021 103 X 4820 – Additions-Change in Fair Value of Investments Closing Entry 2,960
2021 103 X 6695 – Deductions-Withdrawal by Depositors Closing Entry 200,000
General Journal
City of Bingham
7 – Investment Trust Fund
Year Ref Account Description Debits Credits Balance
Dr(Cr)
Cash
2021 101 8a-1 220,000 220,000
2021 101 8a-2 201,500 18,500
2021 104 8a-9 200,000 36,950
2021 101 8a-2 1,500 4,600
2021 101 8a-4 4,600 0
2021 102 8a-6 13,800 13,800
2021 102 8a-9 4,500 9,300
Due to Debt Service Fund
General Ledger
City of Bingham
7 – Investment Trust Fund
Year Ref Account Description Debits Credits Balance
Dr(Cr)
Undistributed Change in Fair Value of Investments
2021 102 8a-7 4,000 (4,000)
2021 102 8a-8 2,960 (2,960)
2021 103 Closing Entry 2,960 0
Deductions-Withdrawal by Depositors
2021 104 8a-9 200,000 200,000
2021 103 Closing Entry 200,000 0
7 – Investment Trust Fund