Description Debit Credit
Cash 342,223
Taxes Receivable-Delinquent 391,756
Allowance for Uncollectible Delinquent Taxes 4,752
Due from State Government 165,000
Inventory of Supplies 59,000
Vouchers Payable 272,187
Due to Other Funds 7,400
Due to Federal Government 135,720
Due to State Government 32,600
Deferred Inflows of Resources 97,704
Fund Balance-Nonspendable-Inventory of Supplies 59,000
Post-closing Trial Balance as of 2022
City of Smithville
1 – General Fund
Post-closing Trial Balance Prepared by: Author Page 1 of 1
Requirement 2b
Description Debit Credit
Cash 342,223
Taxes Receivable-Delinquent 391,756
Allowance for Uncollectible Delinquent Taxes 4,752
Internal Receivables from Business-Type Activities 4,600
Inventory of Supplies 59,000
Land 4,231,000
Infrastructure 9,802,000
Accumulated Depreciation-Infrastructure 2,773,944
Buildings 6,296,000
Accumulated Depreciation-Buildings 1,731,000
Equipment 3,556,800
Accumulated Depreciation-Equipment 1,756,480
Vouchers Payable 272,187
Due to Federal Government 135,720
Due to State Government 32,600
Post-closing Trial Balance as of 2022
City of Smithville
5 – Governmental Activities, Governmental-Wide level
Post-closing Trial Balance Prepared by: Author Page 1 of 1
Requirement 2e
Estimated
Revenues Dr(Cr)
Revenues Dr(Cr) Balance Dr(Cr)
Acct 3020/4020 Estimated Revenues-Property Taxes $1,859,913 $0 $1,859,913
Acct 3030/4030 Revenues-Sales Taxes 1,578,000 01,578,000
Acct 3040/4040
Estimated Revenues-Interest and Penalties on Taxe
37,000 037,000
Encumberances
Dr(Cr)
Expenditures
Dr(Cr)
Appropriations
Cr(Dr)
Available Balance
Cr(Dr)
Acct 5020 / 6020 /
Appropriations-General Government $0 $0 $1,169,500 $1,169,500
Acct 5030 / 6030 /
Appropriations-Public Safety 0 0 2,206,000 2,206,000
City of Smithville
General Fund
Operating statement account balances
For year 2023
Requirement 33b
Description Debit Credit
Cash 342,223
Taxes Receivable-Delinquent 391,756
Allowance for Uncollectible Delinquent Taxes 4,752
Due from State Government 165,000
Inventory of Supplies 59,000
Vouchers Payable 272,187
Due to Other Funds 7,400
Due to Federal Government 135,720
Fund Balance-Nonspendable-Inventory of Supplies 59,000
Fund Balance-Restricted-Public Safety 114,000
Fund Balance-Assigned-Culture and Recreation 56,800
Fund Balance-Unassigned 218,931
Budgetary Fund Balance 4,483
Estimated Revenues 5,689,933
Pre-closing Trial Balance as of 2023
City of Smithville
1 – General Fund
Pre-closing Trial Balance Prepared by: Author Page 1 of 1
No
Requirement 33b
Description Debit Credit
Cash 594,543
Taxes Receivable-Delinquent 286,360
Allowance for Uncollectible Delinquent Taxes 23,539
Vouchers Payable 219,121
Due to Other Funds 3,100
Due to Federal Government 133,973
Due to State Government 36,170
Deferred Inflows of Resources 74,386
Fund Balance-Nonspendable-Inventory of Supplies 60,420
Fund Balance-Restricted-Public Safety 54,000
Fund Balance-Committed-Health and Welfare 43,000
Post-closing Trial Balance as of 2023
City of Smithville
1 – General Fund
Post-closing Trial Balance Prepared by: Author Page 1 of 1
Requirement 4b
Debits Credits
Cash $ 594,543
Taxes Receivable-Delinquent 286,360
Allowance for Uncollectible Delinquent Taxes $ 23,539
Interest and Penalties Receivable on Taxes 11,902
Allowance for Uncollectible Interest and Penalties 2,739
Inventory of Supplies 60,420
Vouchers Payable 219,121
Due to Other Funds 3,100
Due to Federal Government 133,973
Due to State Government 36,170
Deferred Inflows of Resources 74,386
Fund Balance-Nonspendable-Inventory of Supplies 60,420
City of Smithville
General Fund
Post-closing Trial Balance
For year 2023
Requirement 4b
Requirment 4b.
Cash 594,543$
Taxes receivable—delinquent 286,360$
Less: Allowance for uncollectible delinquent taxes 23,539 262,821
Interest and penalties receivable on taxes 11,902
Liabilities:
Vouchers payable 219,121$
Due to other funds 3,100
Due to federal government 133,973
Due to state government 36,170
Total Liabilities 392,364
Deferred inflows of resources 74,386
Fund Balances:
Nonspendable—inventory of supplies 60,420$
City of Smithville
General Fund Balance Sheet
December 31, 2023
Assets
Liabilities, Deferred Inflows of Resources, and Fund Balances
Description Debit Credit
Cash 594,543
Taxes Receivable-Delinquent 286,360
Allowance for Uncollectible Delinquent Taxes 23,539
Vouchers Payable 219,121
Due to Other Funds 3,100
Due to Federal Government 133,973
Due to State Government 36,170
Deferred Inflows of Resources 74,386
Fund Balance-Assigned-Culture and Recreation 56,800
Fund Balance-Unassigned 217,511
Budgetary Fund Balance 4,517
Encumbrances Outstanding 13,471
Estimated Revenues 5,685,433
Revenues 5,682,405
Appropriations 5,651,200
Estimated Other Financing Uses-Interfund Transfers Out 38,750
Pre-closing Trial Balance as of 2023
City of Smithville
1 – General Fund
Pre-closing Trial Balance Prepared by: Author Page 1 of 1
Requirement 4c
Debits Credits
Cash $ 594,543
Taxes Receivable-Delinquent 286,360
Allowance for Uncollectible Delinquent Taxes $ 23,539
Interest and Penalties Receivable on Taxes 11,902
Allowance for Uncollectible Interest and Penalties 2,739
Due to State Government 36,170
Deferred Inflows of Resources 74,386
Fund Balance-Nonspendable-Inventory of Supplies 60,420
Fund Balance-Restricted-Public Safety 114,000
Fund Balance-Assigned-Culture and Recreation 56,800
Fund Balance-Unassigned 217,511
Budgetary Fund Balance 4,517
Encumbrances Outstanding 13,471
Estimated Revenues 5,685,433
Revenues 5,682,405
City of Smithville
General Fund
Pre-closing Trial Balance
For year 2023
Requirement 4c.
Estimated
Revenues Dr(Cr)
Revenues Dr(Cr) Balance Dr(Cr)
Acct 3020/4020 Estimated Revenues-Property Taxes $1,877,413 $1,877,578 ($165)
Acct 3030/4030 Revenues-Sales Taxes 1,578,000 1,579,203 (1,203)
Acct 3040/4040
Estimated Revenues-Interest and Penalties on Taxe
15,000 12,571 2,429
Acct 3050/4050 Estimated Revenues-Licenses and Permits 500,000 497,960 2,040
Encumberances
Dr(Cr)
Expenditures
Dr(Cr)
Appropriations
Cr(Dr)
Available Balance
Cr(Dr)
Acct 5020 / 6020 /
Appropriations-General Government $1,500 $1,175,043 $1,178,000 $1,457
Acct 5030 / 6030 /
Appropriations-Public Safety 02,214,350 2,215,000 650
Acct 5040 / 6040 /
Appropriations-Public Works 10,391 862,998 875,700 2,311
Acct 5050 / 6050 /
City of Smithville
General Fund
Operating statement account balances
For year 2023
Requirement 4c.
Requirement 4c.
Revenues:
Taxes—property 1,877,578$
Taxes—sales 1,579,203
Interest and penalties on taxes 12,571
Licenses and permits 497,960
Fines and forfeits 173,590
Expenditures:
General government 1,175,043$
Public safety 2,214,350
Public works 862,998
Health and welfare 734,390
Culture and recreation 645,408
Total Expenditures 5,632,189
Excess of Revenues over Expenditures 50,216
Other Financing Sources (Uses):
Interfund transfers out 38,750
City of Smithville
General Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
For the Year Ended December 31, 2023
Requirement 4d.
Actual Amounts Variance
Original Final Budget Basis Over(Under)
Revenues:
Taxes—property 1,859,913$ 1,877,413$ 1,877,578$ 165$
Taxes—sales 1,578,000 1,578,000 1,579,203 1,203
Interest and penalties on taxes 37,000 15,000 12,571 (2,429)
Total Taxes 3,474,913 3,470,413 3,469,352 (1,061)
Licenses and permits
500,000 500,000 497,960 (2,040)
Fines and forfeits 175,000 175,000 173,590 (1,410)
Expenditures and Encumbrances:
General government 1,169,500 1,178,000 1,176,543 (1,457)
Public safety 2,206,000 2,215,000 2,214,350 (650)
Public works 875,700 875,700 873,389 (2,311)
Health and welfare 735,000 735,000 734,390 (610)
Culture and recreation 660,500 647,500 646,988 (512)
Total Expenditures
5,646,700 5,651,200 5,645,660 (5,540)
Excess of Revenues over Expenditures 43,233 34,233 36,745 2,512
Other Financing Sources (Uses):
Interfund transfers out 38,750 38,750 38,750 –
Excess of Revenues over Expenditures and
Other Financing Uses 4,483 (4,517) (2,005) 2,512
City of Smithville
General Fund
Statement of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual
For the Year Ended December 31, 2023
Budgeted Amounts
Requirement 4e.
Expenditures for 2023, budgetary basis 5,645,660$
Less: Encumbrances outstanding as of
Reconciliation of Budgetary Basis to GAAP Basis
Description Debit Credit
Cash 1,000
Fund Balance-Restricted 1,000
Encumbrances Outstanding-Spruce Street Project 190,000
Post-closing Trial Balance as of 2023
City of Smithville
3 – Street Improvement Fund
Post-closing Trial Balance Prepared by: Author Page 1 of 1
Requirement 5c.
Debits Credits
Cash $ 1,000
Fund Balance-Restricted $ 1,000
Encumbrances Outstanding-Spruce Street Project 190,000
City of Smithville
Street Improvement Fund
Post-closing Trial Balance
For year 2023
Requirement 5c.
Requirement 5c.
Cash 1,000$
Total Assets 1,000$
As of December 31, 2023
Assets
Liabilities and Fund Balances
City of Smithville
Street Improvement Capital Projects Fund
Balance Sheet
Total Liabilities and Fund Balances 1,000$
Description Debit Credit
Cash 1,000
Encumbrances Outstanding-Spruce Street Project 190,000
Revenues-Sales Taxes 361,000
Pre-closing Trial Balance as of 2023
City of Smithville
3 – Street Improvement Fund
Pre-closing Trial Balance Prepared by: Author Page 1 of 1
Requirement 5d.
Debits Credits
Cash $ 1,000
Encumbrances Outstanding-Spruce Street Project $ 190,000
Revenues-Sales Taxes 361,000
Other Financing Sources-Proceeds of Bonds 3,000,000
City of Smithville
Street Improvement Fund
Pre-closing Trial Balance
For year 2023
Requirement 5d.
Requirement 5d.
Revenues:
Sales taxes 361,000$
Expenditures:
Construction—Elm Street Project
3,360,000
Excess of Expenditures over Revenues (2,999,000)
Other Financing Sources:
Proceeds of Bonds 3,000,000
City of Smithville
Street Improvement Capital Projects Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
For the Year Ended December 31, 2023
Description Debit Credit
Cash 37,500
Fund Balance-Restricted 549,020
Estimated Revenues-Investment Income 4,000
Revenues-Taxes 637,560
Revenues-Interest and Penalties on Taxes 60
Revenues-Investment Income 3,900
Revenues-Accrued Interest on Bonds Sold 27,500
Post-closing Trial Balance as of 2023
City of Smithville
4 – Street Improvement Bond Debt Service Fund
Post-closing Trial Balance Prepared by: Author Page 1 of 1
Requirement 6b.