1. The village commissioners adopted the following budget:
2. The village received, in cash, property taxes of $1,472,000
and all other revenues of $236,000.
3. The village made cash payments, charging the following
appropriations:
4. The administrator of fringe benefits received an invoice for
police employee health insurance in the amount of $76,000, together
with a letter from the insurance provider, explaining that the
large increase was caused by a change in federal laws. The invoice
could not be paid because the Police—fringe benefits appropriation
had a balance of only $48,000 (appropriation of $360,000 minus
expenditures in item 3 of $312,000. As a result, the village
commissioners amended the budget as follows:
5. The village paid the invoice for $76,000, referred to in item
4 above, charging the appropriation for police—fringe
benefits.
6. The police department placed PO 2022a for firearms in the amount
of $24,000 and PO 2022b for uniforms in the amount of $16,000, all
charged to the appropriation for police—supplies.
7. After receiving PO 2022a, the supplier notified the police
department that a change in the design of the weapons would
increase the cost to $25,600. The department sent the supplier an
amended PO, increasing it by $1,600.
8. The police department received the uniforms ordered on PO 2022b,
together with an invoice for $16,000. The department approved the
invoice for payment.
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1. The village commissioners adopted the following budget: 2. The village received, in cash, property taxes of $1,472,00
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