Year Ref Account Description Debits Credits Balance
Dr(Cr)
Cash
2022 101 6a 950,000 950,000
2023 104 6b-3 500,000 450,000
2023 104 6b-4 50,225 500,225
2023 104 6b-5 706,030 1,206,255
2023 107 6b-9 75,000 1,197,505
2023 108 6b-10 8,000 1,205,505
2023 109 6b-11 310,000 895,505
Taxes Receivable-Current
2023 103 6b-2 704,545 704,545
2023 104 6b-5 695,500 9,045
2023 110 6b-12 9,045 0
Allowance for Uncollectible Current Taxes
Taxes Receivable-Delinquent
2022 101 6a 87,625 87,625
2023 104 6b-5 9,900 77,725
2023 110 6b-12 9,045 86,770
Allowance for Uncollectible Delinquent Taxes
Interest and Penalties Receivable on Taxes
2022 101 6a 5,915 5,915
2023 104 6b-5 630 5,285
2023 110 6b-12 1,200 6,485
General Ledger
City of Bingham
4 – Debt Service Fund
Year Ref Account Description Debits Credits Balance
Dr(Cr)
Allowance for Uncollectible Interest and Penalties
2022 101 6a 532 (532)
2023 110 6b-12 120 (652)
Investments-Temporary
Deferred Inflows of Resources
2022 101 6a 85,558 (85,558)
2023 104 6b-5 9,900 (75,658)
2023 112 6b-5 630 (75,028)
2023 110 6b-12 2,545 (77,573)
2023 110 6b-12 1,080 (78,653)
Fund Balance-Restricted
Budgetary Fund Balance
2023 102 6b-1 137,250 (137,250)
2023 108 6b-10 8,000 (145,250)
2023 111 Closing Entry 145,250 0
Estimated Revenues-Taxes
2023 102 6b-1 704,000 704,000
2023 111 Closing Entry 704,000 0
Estimated Revenues-Interest and Penalties on Taxes
2023 102 6b-1 2,000 2,000
2023 111 Closing Entry 2,000 0
Estimated Revenues-Investment Income
General Ledger
City of Bingham
4 – Debt Service Fund
General Ledger Prepared by: Instructor Page 2 of 4
Year Ref Account Description Debits Credits Balance
Dr(Cr)
Estimated Other Financing Sources-Premium on Bonds
2023 102 6b-1 50,000 50,000
2023 111 Closing Entry 50,000 0
Estimated Other Financing Sources-Interfund Transfers In
2023 102 6b-1 75,000 75,000
2023 108 6b-10 8,000 83,000
2023 111 Closing Entry 83,000 0
Revenues-Taxes
Revenues-Interest and Penalties on Taxes
2023 112 6b-5 630 (630)
2023 113 Closing Entry 630 0
Revenues-Investment Income
2023 106 6b-7 5,000 (5,000)
2023 113 Closing Entry 5,000 0
Other Financing Sources-Premium on Bonds
2023 104 6b-4 50,225 (50,225)
2023 113 Closing Entry 50,225 0
Other Financing Sources-Interfund Transfers In
Appropriations
2023 102 6b-1 698,750 (698,750)
2023 111 Closing Entry 698,750 0
General Ledger
City of Bingham
4 – Debt Service Fund
General Ledger Prepared by: Instructor Page 3 of 4
Year Ref Account Description Debits Credits Balance
Dr(Cr)
Expenditures-Bond Principal
2023 105 6b-6 250,000 250,000
2023 109 6b-11 250,000 500,000
2023 113 Closing Entry 500,000 0
Expenditures-Bond Interest
City of Bingham
4 – Debt Service Fund
General Ledger Prepared by: Instructor Page 4 of 4
Year Ref Posted Acct# – Name Description Debits Credits
2022 101 X 1010 – Cash 7a 659,776
2022 101 X 1020 – Restricted Cash-Customer Deposits 7a 78,840
2022 101 X 1220 – Customer Accounts Receivable 7a 193,524
2022 101 X 1270 – Construction Work in Progress 7a 1,478,945
2022 101 X 2010 – Vouchers Payable 7a 92,550
2022 101 X 2030 – Customer Deposits 7a 78,840
2022 101 X 2320 – Accrued Interest Payable 7a 135,000
2022 101 X 2330 – Revenue Bonds Payable 7a 9,000,000
2022 101 X 2340 – Bond Discounts on Revenue Bonds Payable 7a 86,520
2022 101 X 2610 – Net Position-Net Investment in Capital Assets 7a 4,782,036
2022 101 X 2620 – Net Position-Unrestricted 7a 732,493
2023 102 X 4510 – Sales of Water 7b-2 3,249,500
2023 102 X 1010 – Cash 7b-3 3,163,500
2023 102 X 1220 – Customer Accounts Receivable 7b-3 3,144,100
2023 102 X 1245 – Due from Other Funds 7b-3 19,400
2023 103 X 1240 – Inventory of Supplies 7b-4 650,400
2023 103 X 2010 – Vouchers Payable 7b-4 650,400
2023 103 X 6510 – Operation Expense 7b-5 545,750
2023 103 X 6520 – Maintenance Expense 7b-5 269,400
2023 103 X 1270 – Construction Work in Progress 7b-5 186,500
2023 103 X 1010 – Cash 7b-5 1,001,650
City of Bingham
6 – Water Utility Fund
General Journal Prepared by: Instructor Page 1 of 3
Year Ref Posted Acct# – Name Description Debits Credits
2023 104 X 6560 – Interest on Long-Term Debt 7b-8 136,719
2023 104 X 2340 – Bond Discounts on Revenue Bonds Payable 7b-8 9,219
2023 104 X 1010 – Cash 7b-8 627,500
2023 105 X 1270 – Construction Work in Progress 7b-9 495,000
2023 105 X 1220 – Customer Accounts Receivable 7b-11 7,450
2023 105 X 1010 – Cash 7b-11 1,750
2023 105 X 1020 – Restricted Cash-Customer Deposits 7b-11 1,750
2023 106 X 2030 – Customer Deposits 7b-12 2,500
2023 106 X 1220 – Customer Accounts Receivable 7b-12 2,500
2023 106 X 1010 – Cash 7b-12 2,500
2023 106 X 1020 – Restricted Cash-Customer Deposits 7b-12 2,500
2023 106 X 2030 – Customer Deposits 7b-12 2,950
2023 106 X 1020 – Restricted Cash-Customer Deposits 7b-12 2,950
2023 107 X 1020 – Restricted Cash-Customer Deposits 7b-13 6,504
2023 108 X 6530 – Depreciation Expense 7b-16 315,637
2023 108 X 1260 – Accumulated Depreciation-Utility Plant 7b-16a 315,637
2023 108 X 6550 – Uncollectible Accounts 7b-16b 8,723
2023 108 X 1221 – Accumulated Provision for Uncollectible Accounts 7b-16b 8,723
2023 108 X 6560 – Interest on Long-Term Debt 7b-16c 128,743
2023 108 X 2340 – Bond Discounts on Revenue Bonds Payable 7b-16c 8,743
2023 108 X 2320 – Accrued Interest Payable 7b-16c 120,000
2023 109 X 4510 – Sales of Water Closing Entry 3,249,500
2023 109 X 6510 – Operation Expense Closing Entry 842,804
2023 109 X 6520 – Maintenance Expense Closing Entry 439,400
General Journal
City of Bingham
6 – Water Utility Fund
Year Ref Posted Acct# – Name Description Debits Credits
2023 109 X 6530 – Depreciation Expense Closing Entry 315,637
2023 109 X 6550 – Uncollectible Accounts Closing Entry 8,723
2023 109 X 6560 – Interest on Long-Term Debt Closing Entry 265,462
General Journal
City of Bingham
6 – Water Utility Fund
General Journal Prepared by: Instructor Page 3 of 3
Year Ref Account Description Debits Credits Balance
Dr(Cr)
Cash
2022 101 7a 659,776 659,776
2023 102 7b-1 635,000 24,776
2023 102 7b-3 3,163,500 3,188,276
2023 103 7b-5 1,001,650 2,186,626
2023 104 7b-8 627,500 1,559,126
Restricted Cash-Customer Deposits
2022 101 7a 78,840 78,840
2023 105 7b-11 1,750 77,090
2023 106 7b-12 2,500 74,590
2023 106 7b-12 2,950 71,640
2023 107 7b-13 6,504 78,144
2023 107 7b-15 2,054 80,198
Customer Accounts Receivable
Accumulated Provision for Uncollectible Accounts
2022 101 7a 9,676 (9,676)
2023 105 7b-11 5,700 (3,976)
2023 108 7b-16b 8,723 (12,699)
Inventory of Supplies
General Ledger
City of Bingham
6 – Water Utility Fund
General Ledger Prepared by: Instructor Page 1 of 4
Year Ref Account Description Debits Credits Balance
Dr(Cr)
Due from Other Funds
2022 101 7a 19,400 19,400
2023 102 7b-2 35,000 54,400
2023 102 7b-3 19,400 35,000
Utility Plant in Service
Accumulated Depreciation-Utility Plant
2022 101 7a 3,574,381 (3,574,381)
2023 108 7b-16a 315,637 (3,890,018)
Construction Work in Progress
2022 101 7a 1,478,945 1,478,945
2023 103 7b-5 186,500 1,665,445
Vouchers Payable
2022 101 7a 92,550 (92,550)
2023 103 7b-4 650,400 (742,950)
2023 107 7b-14 568,800 (174,150)
Customer Deposits
2022 101 7a 78,840 (78,840)
2023 105 7b-11 1,750 (77,090)
Accrued Interest Payable
2022 101 7a 135,000 (135,000)
General Ledger
City of Bingham
6 – Water Utility Fund
General Ledger Prepared by: Instructor Page 2 of 4
Year Ref Account Description Debits Credits Balance
Dr(Cr)
2023 102 7b-1 135,000 0
2023 108 7b-16c 120,000 (120,000)
Revenue Bonds Payable
Bond Discounts on Revenue Bonds Payable
2022 101 7a 86,520 86,520
2023 104 7b-8 9,219 77,301
2023 108 7b-16c 8,743 68,558
Net Position-Net Investment in Capital Assets
2022 101 7a 4,782,036 (4,782,036)
2023 110 Closing Entry 1,524,796 (6,306,832)
Net Position-Unrestricted
2022 101 7a 732,493 (732,493)
2023 109 Closing Entry 1,377,474 (2,109,967)
2023 110 Closing Entry 1,524,796 (585,171)
Sales of Water
Operation Expense
2023 103 7b-5 545,750 545,750
2023 104 7b-6 295,000 840,750
2023 107 7b-15 2,054 842,804
2023 109 Closing Entry 842,804 0
Maintenance Expense
General Ledger
City of Bingham
6 – Water Utility Fund
General Ledger Prepared by: Instructor Page 3 of 4
Year Ref Account Description Debits Credits Balance
Dr(Cr)
Depreciation Expense
Uncollectible Accounts
2023 108 7b-16b 8,723 8,723
2023 109 Closing Entry 8,723 0
Interest on Long-Term Debt
General Ledger
City of Bingham
6 – Water Utility Fund
Year Ref Poste
dAcct# – Name Description Debits Credits
2022 101 X 1030 – Taxes Receivable for Other Funds and
Governments-Delinquent 8a 1,684,422
2023 102 X 4850 – Additions-Property Tax Collections for Other Governments 8b-1 15,608,631
2023 103 X 1010 – Cash 8b-2 475,964
2023 103 X 1030 – Taxes Receivable for Other Funds and
Governments-Delinquent 8b-2 475,964
2023 103 X 6690 – Deductions-Administrative Fee 8b-3 646
2023 103 X 2010 – Due to Other Funds 8b-3 646
2023 103 X 2010 – Due to Other Funds 8b-4 412,036
2023 104 X 6690 – Deductions-Administrative Fee 8b-6 150,173
2023 104 X 2010 – Due to Other Funds 8b-6 150,173
2023 104 X 6691 – Deductions-Payments of Property Taxes to Other Governments 8b-7 14,867,167
2023 104 X 2010 – Due to Other Funds 8b-7 8,147,673
2023 104 X 1010 – Cash 8b-7 23,014,840
2023 105 X 1030 – Taxes Receivable for Other Funds and
Governments-Delinquent 8b-8 1,048,336
2023 105 X 4851 – Additions – Interest and Penalties Collections for Other
Governments
Closing
Entry 40,765
2023 105 X 6690 – Deductions-Administrative Fee Closing
Entry 150,819
2023 105 X 6691 – Deductions-Payments of Property Taxes to Other Governments Closing
Entry 14,931,095
2023 105 X 2800 – Net Position – Restricted for Other Governments Closing
Entry 567,482
General Journal
City of Bingham
7 – Tax Custodial Fund
General Journal Prepared by: Instructor Page 1 of 1
Year Ref Account Description Debits Credits Balance
Dr(Cr)
Cash
2023 103 8b-2 475,964 475,964
2023 103 8b-4 475,964 0
2023 104 8b-5 23,014,840 23,014,840
2023 104 8b-7 23,014,840 0
Taxes Receivable for Other Funds and Governments-Current
Taxes Receivable for Other Funds and Governments-Delinquent
2022 101 8a 1,684,422 1,684,422
2023 103 8b-2 475,964 1,208,458
2023 105 8b-8 1,048,336 2,256,794
2023 106 8b-8 82,195 2,338,989
Due to Other Funds
2023 104 8b-6 150,173 (8,741,890)
2023 104 8b-7 8,147,673 (594,217)
2023 106 8b-8 41,430 (635,647)
Net Position – Restricted for Other Governments
2022 101 8a 1,135,860 (1,135,860)
2023 105 Closing Entry 567,482 (1,703,342)
Additions-Property Tax Collections for Other Governments
2023 105 Closing Entry 15,608,631 0
Additions – Interest and Penalties Collections for Other Governments
General Ledger
City of Bingham
7 – Tax Custodial Fund
General Ledger Prepared by: Instructor Page 1 of 2
Year Ref Account Description Debits Credits Balance
Dr(Cr)
2023 106 8b-8 40,765 (40,765)
2023 105 Closing Entry 40,765 0
Deductions-Administrative Fee
Deductions-Payments of Property Taxes to Other Governments
2023 103 8b-4 63,928 63,928
2023 104 8b-7 14,867,167 14,931,095
2023 105 Closing Entry 14,931,095 0
General Ledger
City of Bingham
7 – Tax Custodial Fund
General Ledger Prepared by: Instructor Page 2 of 2
Year Ref Poste
dAcct# – Name Descriptio
nDebits Credits
2022 101 X 1010 – Cash 2d 1,692,125
2022 101 X 1030 – Taxes Receivable-Delinquent 2d 513,875
2022 101 X 1120 – Improvements other than Buildings 2d 8,900,000
2022 101 X 1130 – Accumulated Depreciation-Improvements other than Buildings 2d 3,310,000
2022 101 X 1150 – Infrastructure 2d 33,109,000
2022 101 X 1160 – Accumulated Depreciation-Infrastructure 2d 22,408,000
2022 101 X 1260 – Buildings 2d 11,520,000
2022 101 X 1270 – Accumulated Depreciation-Buildings 2d 3,175,000
2022 101 X 1280 – Equipment 2d 7,360,000
2022 101 X 1290 – Accumulated Depreciation-Equipment 2d 3,030,400
2022 101 X 2500 – Deferred Inflows of Resources 2d 25,000
2022 101 X 2700 – Net Position-Net Investment in Capital Assets 2d 27,025,600
2022 101 X 2730 – Net Position-Restricted for Debt Service 2d 950,000
2022 101 X 2740 – Net Position-Unrestricted 2d 909,507
2023 102 X 1020 – Taxes Receivable-Current 4a-1 7,750,000
2023 102 X 1021 – Allowance for Uncollectible Current Taxes 4a-1 77,500
2023 102 X 4660 – General Revenues-Taxes Property 4a-1 7,672,500
2023 102 X 1010 – Cash 4a-2 500,000
2023 102 X 2020 – Tax Anticipation Notes Payable 4a-2 500,000
General Journal
City of Bingham
5 – Governmental Activities, Governmental-Wide level
General Journal Prepared by: Instructor Page 1 of 6