ACG 3501 Lecture 1: Non Profit Government Activity 1

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13 Dec 2015
School
Course
Professor
Department ACG3501 Asad Ahmad
Division/Program City of Millersville
Date Program Reference Appropriation Encumbrances Expenditures Available Calculations:
1/1/14 General Government Budget 560,000 560,000
Purchase Order 104,000 456,000 (560,000 - 104,000) = 456,000
Amount Billed -103,000 103,000 456,000 (560,000 - 104,000, - 450,000) = 6,000
Salaries 450,000 6,000
1/1/14 Public Safety Budget 1,100,000 1,100,000 (1,100,000 - 375,000) = 725,000
Purchase Order 375,000 725,000 (1,100,000 - 375,000 - 700,000) = 25,000
Amount Billed -374,000 374,000 725,000
Salaries 700,000 25,000
(700,000 - 260,000) = 440,000
1/1/14 Public Works Budget 700,000 700,000 (700,000 - 260,000 - 400,000) = 40,000
Purchase Order 260,000 440,000
Amount Billed -228,000 228,000 440,000
Salaries 400,000 40,000 (615,000 - 161,000) = 454,000
(615,000 - 161,000 - 450,000) = 4,000
1/1/14 Parks and Recreation Budget 615,000 615,000
Purchase Order 161,000 454,000
Amount Biled -159,000 159,000 454,000
Salaries 450,000 4,000
Journal Entry 3.
Property Taxes Receivabe 2,100,000
Estimate Uncollectible Taxes 100,000
Tax Revenue 2,000,000
Cash 1,700,000
Taxes Receivabe - Current 1,700,000
Journa Entry 4.
Cash 910,000
License and Permit Revenues 315,000
Intergovernmental Revenues 595,000
T-Accounts
700,000 315,000 6a. 450000
910,000 10,000 7c. 103000
828,000
Bal. 553000
1,772,000 Bal. 315,000
6b. 700000
2,100,000 595,000 7c. 374000
1,700,000
Bal. 1074000
400,000
Bal. 595,000
6c. 400000
7c. 228000
Bal. 628000
10,000
10,000 864,000 6d. 450000
828,000 7c. 159000
96,000 Bal. 609000
Parks and Recreation Expenditures
Cash
Taxes Receivabe - Current
1b. Accounts Payabe and Accrued Expenses
4a. License and Permits Revenues
4b. Intergovernmental Revenues
General Government Expenditures
Public Safety Expenditures
Public Works Expenditures
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