6-21
3. CPF Cash 320,000
4. CPF Construction contracts payable 270,000
Cash 270,000
6. CPF Budgetary fund balance reserved for encumbrances 200,000
Encumbrances—capital project 200,000
7. CPF Cash 205,000
8. CPF Construction contracts payable 180,000
9. CPF Retainage payable 32,000
10. CPF Appropriations 500,000
Estimated revenues 30,000
Budgetary fund balance 470,000
(b)
Tilker Falls
Boat Marina Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For the Year Ended June 30, 2013
Revenues:
Earnings on investments $ 40,000
Expenditures:
P6-5 (Easy, 10 minutes)
CPF Estimated other financing sources 8,000,000
P6-6 (Moderate, 60 minutes)
(a)
1. Estimated revenues 100,000
2. Cash 50,000
Transfer in from General Fund 50,000
3. Property taxes receivable 100,000
6-23
4. Cash 60,000
Property taxes receivable 60,000
7. Expenditures—interest 37,500
9. Cash 1,000
Revenues—investments 1,000
10. Expenditures—interest 37,500
Expenditures—bond principal 50,000
6-24
(b)
Lewisville
Debt Service Fund
Concert Hall Bond Fund
Trial Balance
June 30, 2013
Debits Credits
Cash $ 76,500
Transfer in from General Fund 50,000
Expenditures—interest 75,000
6-25
(c)
Lewisville
Debt Service Fund
Concert Hall Bond Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
For the Year Ended June 30, 2013
Expenditures:
Interest 75,000
Bond principal 50,000
6-26
Lewisville
Debt Service Fund
Concert Hall Bond Fund
Balance Sheet
June 30, 2013
Assets:
Cash $76,500
Property taxes receivable $10,000
Liabilities and Fund Balance
Liabilities -0-
Fund balance:
(d)
Appropriations 125,000
Budgetary fund balance 25,000
6-27
P6-7 (Moderate, 65 minutes)
(a)
1. Estimated revenues 1,000,000
2. Due from General Fund 500,000
Transfer in from General Fund 500,000
5. Allowance for uncollectible property taxes 5,000
Property taxes receivable 5,000
7. Cash 150,000
Property taxes receivable 150,000
8. Expenditures—interest 50,000
10. Expenditures—interest 50,000
Expenditures—bond principal 100,000
6-28
12. Income receivable on investments 1,500
Revenues—investments 1,500
(b)
City of Patin Heights
Debt Service Fund
Bridge Bonds Fund
Trial Balance
December 31, 2013
Debits Credits
Vouchers payable 1,000
Restricted fund balance 90,000
6-29
(c)
City of Patin Heights
Debt Service Fund
Bridge Bonds Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
For the Year Ended December 31, 2013
Revenues:
Expenditures:
Interest 100,000
Bond principal 100,000
6-30
City of Patin Heights
Debt Service Fund
Bridge Bonds Fund
Balance Sheet
December 31, 2013
Liabilities and Fund Balance
Liabilities:
(d)
Appropriations 202,000
6-31
P6-8 (Moderate, 40 minutes)
1. GF Estimated revenues 1,200,000
Estimated other financing sources 300,000
2. GF Expenditures—salaries 50,000
Cash 50,000
3. GF Transfer out to Debt Service Fund 100,000
4. GF Budgetary fund balance reserved for encumbrances 45,000
Encumbrances 45,000
6. DSF Expenditures—bond principal 75,000
7. DSF Matured bond principal payable 75,000
8. GF Budgetary fund balance reserved for encumbrances 1,000
9. GF Property taxes receivable 500,000
11. GF Allowance for uncollectible property taxes 2,000
Property taxes receivable 2,000
12. GF Cash 1,000
Transfer in from Enterprise Fund 1,000
P6-9 (Moderate, 50 minutes)
(a)
1. GF Estimated revenues 500,000
2. GF Encumbrances 50,000
Budgetary fund balance reserved for encumbrances 50,000
3. SRF Estimated revenues 60,000
4. GF Transfer out to Debt Service Fund 100,000
5. DSF Expenditures—interest 40,000
6. DSF Investments 10,000
Cash 10,000
8. DSF Expenditures—fiscal agent fees 1,000
Cash 1,000
9. DSF Property taxes receivable 30,000
10. GF Budgetary fund balance reserved for encumbrances 1,000
(b)
Village of Brooks Haven
Debt Service Fund
Trial Balance
December 31, 2012
Debits Credits
Cash $ 29,000