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Prepare a Statement of Revenues, Expenditures, and

Prepare a Statement of Revenues, Expenditures, and

Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the year ended June 30, 20X8, for the General Fund of Powers Village, given the following information: Fund balance, July 1, 20X7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 3,300,800 Property tax revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10,000,000 Licenses and fees revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,400,000 Grant revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700,000 General government expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,900,000 Public safety expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000,000 Highway and streets expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,200,000 Judicial expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800,000 Purchases of equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,700,000 Proceeds from issuance of short-term notes . . . . . . . . . . . . . . . . . . . . . . . 750,000 Payments to retire long-term notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 900,000 Interest payments . . . . . . . . . . . . . . . . . . . . . . . . . . .

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