Question

The Town of Bedford Falls approved a General Fund operating budget for the fiscal year beginning on July 1. The budget provides for estimated revenues of $2,861,000 as follows: property taxes, $1,956,000; licenses and permits, $385,000; fines and forfeits, $285,000; and intergovernmental (state grants), $235,000. The budget approved appropriations of $2,804,000 as follows: General Government, $535,000; Public Safety, $1,670,000; Public Works, $385,000; Culture and Recreation, $157,000; and Miscellaneous, $57,000.

Additional Info:

1. Revenues were collected in cash amounting to $38,000 for licenses and permits and $15,500 for fines and forfeits.

2. Supplies were ordered by the following functions in early July at the estimated costs shown:

General Government	$8,100
Public Safety	12,700
Public Works	6,800
Culture and Recreation	4,900
Miscellaneous	1,600
Total	$34,100

3. During July, supplies were received at the actual costs shown below and were paid in cash. General Government, Culture and Recreation, and Miscellaneous received all supplies ordered. Public Safety and Public Works received part of the supplies ordered earlier in the month at estimated costs of $11,400 and $6,600, respectively.

	Actual Cost	Estimated Cost
General Government	$8,000	$8,100
Public Safety	11,500	11,400
Public Works	6,800	6,600
Culture and Recreation	4,800	4,900
Miscellaneous	1,600	1,600
Total	$32,700	$32,600

Required: Prepare the Appropriations, Expenditures, and Encumbrances Ledger template below (when applicable, replace the question marks with the corresponding value):

TOWN OF BEDFORD FALLS
	Encumbrances			Expenditures
Account/Description	Increase Dr	Decrease Cr	Balance Dr (Cr)	Dr (Cr)	Balance Dr (Cr)	Appropriations Cr (Dr)	Balance Cr (Dr)
General Government
Appropriations	?	?	?	?	?	?	?
Order of Supplies	?	?	?	?	?	?	?
Supplies Received	?	?	?	?	?	?	?
Public Safety	?	?	?	?	?	?	?
Appropriations	?	?	?	?	?	?	?
Order of Supplies	?	?	?	?	?	?	?
Supplies Received	?	?	?	?	?	?	?
Public Works	?	?	?	?	?	?	?
Appropriations	?	?	?	?	?	?	?
Order of Supplies	?	?	?	?	?	?	?
Supplies Received	?	?	?	?	?	?	?
Culture and Recreation
Appropriations	?	?	?	?	?	?	?
Order of Supplies	?	?	?	?	?	?	?
Supplies Received	?	?	?	?	?	?	?
Miscellaneous
Appropriations	?	?	?	?	?	?	?
Order of Supplies	?	?	?	?	?	?	?
Supplies Received	?	?	?	?	?	?	?

Answer 1

TOWN OF BEDFORD FALLS

Appropriations, Expenditures, and Encumbrances Ledger

	Encumbrances			Expenditures
Account/Description	IncreaseDr	Decrease(Cr)	Balance Dr(Cr)	Increase Dr(Cr)	Balance Dr(Cr)	Appropriations Cr(Dr)	Balance Cr(Dr)
General Government
Appropriations						535,000	535,000
Order of Supplies	8100		8100		0		525900
Supplies received		8100		8000	8000		526000
Public Safety
Appropriations						1,670,000	1,670,000
Order of Supplies	12700		12700		0		1657300
Supplies received		11400	1300	11500	11500		1657200
Public Works
Appropriations						385,000	385000
Order of Supplies	6800		6800		0		378200
Supplies received		6600	200	6800	6800		378000
Culture and Recreation
Appropriations						157,000	157000
Order of Supplies	4900		4900		0		152100
Supplies received		4900	0	4800	4800		152200
Miscellaneous
Appropriations						57,000	57000
Order of Supplies	1600		1600		0		55400
Supplies received		1600		1600			55400