Section a provides a list of the results of allentown’s analysis of its governmental fund balances at its fiscal year end. section b provides a list of the possible classifications for reporting the items listed in section a.
section a1.at the end of the reporting period, allentown's general fund statement of revenues, expenditures, and changes in fund balances reported a net change in fund balances of $154,238.2. allentown's mayor indicated that he was setting aside $25,000 of funds for the future purchase of land for a town park.3.the allentown council passed an ordinance requiring that 5% of the towns sales tax revenue be set aside for economic development, this year that amount was $24,6504.the capital projects fund ended the reporting period with a negative fund balance. section ba) non-spendable. b) restricted. c) committed. d) assigned. e) un-assigned.