Answer Happy

Prepare Statement of Revenues, Expenditures, and Changes in fund balance for year ended December 31, 2015, for the General Fund of Dallas City, given following information: Fund balance, January 1, 2015 1,000,000 Property tax revenues 10,000,000 Licenses and fees revenues 1,000,000 General capital asset sale proceeds 300,000 (Equal to book value less 10%) Accrued interest on long-term notes 800,000 Accrued interest on short-term notes 300,000 Public safety expenditures 2,500,000 High way and street expenditures 3,000,000 Purchases of equipment 1,700,000 Proceeds from issuance of short-term notes 900,000 Proceeds from issuance of long-term notes 800,000 Payments to retire long-term notes 1,500,000 Payments to retire short-term notes 600,000 Interest payments 300,000 Encumbrances 1,300,000 Transfer from Debt Service Fund 200,000 Transfer to Capital Project Fund 600,000