The printout of the Revenues and Appropriations subsidiary ledger accounts for the General Fund of the City of Augusta for the first quarter of the fiscal year appeared as follows: Revenues Ledger
Est. Revenues Revenues Balance
Account Ref. Year Account Title Dr(Cr) Cr(Dr) Dr(Cr)
3/4020 Taxes-Real Property
101 2017 Budget Authorization 764,000 764,000
102 2017 Received in Cash 212,600 551,400
3/4050 Licenses and Permits
101 2017 Budget Authorization 114,000 114,000
102 2017 Received in Cash 11,400 102,600
3/4070 Intergovernmental Revenue
101 2017 Budget Authorization 64,000 64,000
102 2017 Received in Cash 16,400 47,600
103 2017 13,900 61,500
Account Ref Account / Description Encumbrances Increase Dr Appropriation Encumbrances Decrease (Cr) Ledger Encumbrances Balance Dr(Cr) Expenditures Dr(Cr) Expenditures Balance Dr(Cr) Appropriation Cr(Dr) Balance Cr(Dr)
5/6/7020 General Government
101 Budget Authorization 649,000 649,000
102 Payroll 162,600 162,600 486,400
103 Utilities and Others 13,600 176,200 472,800
5/6/7030 Public Safety
101 Budget Authorization 139,000 139,000
102 Payroll 26,400 26,400 112,600
5/6/7050 Health and Welfare
101 Budget Authorization 99,000 99,000
102 Goods Received 13,600 13,600 85,400
5/6/7070 Miscellaneous
101 Budget Authorization 51,400 51,400
Required:
Assuming that there are no other General Fund revenue or expenditure transactions answer the following questions.
a. What were the original approved budget amounts for Estimated Revenues and for Appropriations?
b. (1) Was the Estimated Revenues budget adjusted during the year?
(2) If so, by how much?
(3) If so, was the original budget increased or decreased?
c. (1) What are the current balances of the Estimated Revenues and Appropriations control accounts?
(2) What are the current balances of the Revenues and Expenditures control accounts?