The City of South Dundee budget for the fiscal year ended June 30, 2017, Include

Question

The City of South Dundee budget for the fiscal year ended June 30, 2017, Included an appropriation for the police department In the amount of $8,700,000. During the month of July 2017, the following transactions occurred (In summary): Purchase orders were issued In the amount of $520,000. Of the $520,000 In purchase orders, $480,000 were filled, With Invoices amounting to $478,000. Salarles, not encumbered, amounted to $287,000. A budget approprlations reduction In the amount of $50,000 was approved by the city council. Prepare an appropriations, expenditures and encumbrances ledger for the police department for the month of July. (Credlt amounts should be Indicated by a mlnus sign.) CITY OF SOUTH DUNDEE Appropriation, Expenditures, and Encumbrances Ledger General Fund: Public Safety - Police Month: July, 2017 Unexpended Transaction Reference Appropriations Encumbrances Expenditures Appropriation Balance Budget Purchase Orders Issued Invoices Received and Approved for Payment Payrolls Budget Revision Total

Explanation / Answer

City of South Dundee

Approrpriation, Expenditures and Encumbrances Ledger

General Fund :Public Safety : Police

Month : July, 2017

Transaction Reference Appropriation Encumbrances Expenditure Unex. Bal

1 Budget ($8700,000) ($8700,000)

2 Purchase Order

issued $520000 ($8180000)

3 Invoice recd and

approved for payment ($480000) $478000 ($8182000)

4 Payrolls $287000 ($7895000)

5 Budget Revision $50000 ($7845000)

($8650000) $40000 $765000 ($7845000)

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