Question: The following unadjusted trial balances are for
The following unadjusted trial balances are for the governmental funds of the City of Copeland prepared from the current accounting records: 
Based on the information presented for each of these governmental funds, answer the following questions: a. How much more money can city officials expend or commit from the general fund during the remainder of the current year without amending the budget? b. Why does the capital projects fund have no construction or capital asset accounts? c. What does the $150,000 Appropriations balance found in the capital projects fund represent? d. Several funds have balances for Encumbrances and Encumbrances Outstanding. How will these amounts be accounted for at the end of the fiscal year? e. Why does the Fund Balance—Unassigned account in the capital projects fund have a zero balance? f. What are possible explanations for the $150,000 Other Financing Sources balance found in the capital projects fund? g. What does the $75,000 balance in the Expenditures account of the debt service fund represent? h. What is the purpose of the Special Assessments Receivable found in the capital projects fund? i. In the special revenue fund, what is the purpose of the Fund Balance—Nonspendable account? j. Why does the debt service fund not have budgetary account balances?
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General Fund Debit Credit Cash $ 19,000 Taxes Receivable 202,000 Allowance for Uncollectible Taxes $ 2,000 Vouchers Payable. 24,000 Due to Debt Service Fund. 10,000 Unavailable Revenues. Encumbrances Outstanding Fund Balance-Unassigned 16,000 9,000 103,000 Revenues 176,000 General Fund Debit Credit Expenditures 110,000 Encumbrances. 9,000 190,000 Estimated Revenues. Appropriations... Budgetary Fund Balance. 171,000 19,000 Totals. . $530,000 $530,000 Debt Service Fund Debit Credit Cash $ 8,000 Investments 51,000 11,000 Taxes Receivable Due from General Fund.. 10,000 Fund Balance Committed. $ 45,000 Revenues. 20,000 Other Financing Sources-Operating Transfers In. Expenditures 90,000 75,000 Totals. $155,000 $155,000 .. .. .... Capital Projects Fund Debit Credit Cash... $ 70,000 Special Assessments Receivable. Contracts Payable 90,000 $ 50,000 Unavailable Revenues 90,000 16,000 Encumbrances Outstanding. Fund Balance Unassigned. -0- Other Financing Sources Expenditures.. 150,000 130,000 Encumbrances 16,000 Estimated Other Financing Sources. Appropriations 150,000 150,000 Totals. $456,000 $456,000 Special Revenue Fund Debit Credit Cash $ 14,000 Taxes Receivable 41,000 Inventory of Supplies Vouchers Payable. 4,000 $ 25,000 Grant Revenues Collected in Advance. Fund Balance Nonspendable. Encumbrances Outstanding Fund Balance-Unassigned 3,000 4,000 3,000 19,000 56,000 Revenues Expenditures 48,000 Encumbrances. 3,000 Estimated Revenues. 75,000 Appropriations.. Budgetary Fund Balance. 60,000 15,000 Totals.. $185,000 $185,000
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