Problem 4-7 Team A 1-Jan-12 Debit Credit 150,000 200,000 50,000 300,000 350,000 350,000

Cash Taxes receivable Accounts Payable Fund Balace

Part A Estimated Revenues Control Appropriations Budgetary Fund Balance Taxes Receivable-Current Revenue Control Cash Taxes receivable Revenues Contol Encumbrance control Budgetary fund balance reserved for encumbrances Budgetary fund balance reserved for encumbrances Encumbrance control Expenditure control Accounts payable

2,000,000 1,980,000 20,000 1,200,000 1,200,000 1,940,000 1,200,000 740,000 900,000 900,000 765,000 765,000 759,000 759,000 950,000 950,000 1,700,000 1,700,000 1,980,000 20,000 2,000,000 1,940,000 5,000 1,910,000 35,000

Expenditure control Accounts payable Accounts payable Cash Appropriations Budgetary Fund Balance Estimated Revenues control Revenue control Fund balance - unreserved Expeniture control Encumbrance control

City of Buffalo Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund December 31, 2012 Revenues Property tax Other revenue Total revenue Expenditures General governement-Contracted services Other Total Expenditures Excess of revenues over expenditures Fund Balance January 1, 2012 Fund Balance December 31, 2012

1,200,000 740,000 1,940,000

960,000 950,000 1,910,000 30,000 250,000 280,000

City of Buffalo Balance Sheet for the General Fund As of December 31, 2012 Assets Cash Taxes receivable Total assets Liabilities and Fund Equity Liabiltites Accounts Payable Fund Balance Reserved for encumbrances Unreserved Total fund equity Total liabilities and fund equity

$ $

140,000 200,000 340,000

60,000

35,000 245,000 $ 280,000 340,000