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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
(Preparation of governmental funds statement of revenues, expenditures, and changes in fund balance)
The following information comes from the General Fund trial balance of West Chester County as of
December 31, 2012. Prepare the countyAc€?cs General Fund statement of revenues, expenditures, and
changes in fund balance for the year ended December 31, 2012. Consider the proceeds from the sale
and leaseback of an office building as a special item.
Sales tax revenues                                                                2,200,000
Property tax revenues                                                            2,000,000
ExpendituresAc€??county sheriff                                                1,500,000
ExpendituresAc€??all other departments                                  2,600,000
Fund balance, January 1, 2012Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 300,000
Transfer out to Debt Service Fund                                          1,000,000
Proceeds, sale and leaseback of office building                      1,500,000
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