Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Sep 2017 My Price 6.00

council of Riverside

The town council of Riverside met in December 2011. The council estimated revenues for 2012 to be $750,000 from property taxes and $150,000 from business licenses. The appropriations budget from the council was as follows:

In 2012, heavy spring rains caused some flooding near the river. As a result, a picnic area at River’s Edge Park was ruined and several damaged shops had to shut down. The council adopted an upward revision of $22,000 for the parks and recreation budget and reduced the estimated revenues from business licenses by 10 percent.

The General Fund began the year with a balance of $22,888. During 2012, tax collections totaled $748,800 and revenues from business licenses were $137,202. Expenditures were $499,200 for general government, $131,345 for parks and recreation, $91,600 for sanitation, and $157,333 for streets and sidewalks. There are no outstanding encumbrances at year-end.

1. Prepare a budgetary comparison schedule for the General Fund for 2012.

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Maurice Tutor
(5)
Status NEW Posted 24 Sep 2017 01:09 PM My Price 6.00

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