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7 Cards in this Set
- Front
- Back
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The budget for the police department, ambulance service and other ongoing activities is passed. Funding is from property taxes, transferS and bond proceeds. All monetary outflows will be for expenses and fixed assets. A deficit is projected |
Fund
General
Estimated revenue estimated other financial spices budget financial balance Appropriations
Govt wide
No entry |
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Ordering a computer |
Fund General Encomberances Encomberances outstanding
Govt wide
No entry |
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Paying for computer |
Fund General
Encomberances outstanding Encomberances
Expenditures - computer Vouchers payable
Government wide
Government activity
No entry
Equipment Vouchers payable |
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Computer paid |
Fund General
Vouchers payable Cash
Government wide Government activity
Vouchers payable Cash |
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Property taxes are levied. Although officialS believe that most of these taxes should be collected during the current period, a small percentage is estimated to be collectible. |
Fund
General
Property taxes received Revenue - property taxes Allowance -uncollected taxes
Government wide
Government activity
Property tax revenue Revenue - property tax Allowance - uncollected tax |
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The city collects grant money from the state that must be spent as a supplement to the salaries of the police force. No entry has been recorded. Appropriate payment of the supplement is viewed as an eligibility requirement . |
Fund
Special revenue fund
Cash Grant revenue collected in advance
Government wide
Government act
Cash Great revenue collected in advance |
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Thanks |
Thanks |
