(Answered) Question budget summary using your answers from the

Accounting

Question: (Budget summary) Using your answers from the preceding problem and the following information, prepare a budget summary for the General Fund of Jeter Village for fiscal year 2013. Assume that the fund balance at the beginning of 2013 is $2,607,241.

1. The Village has three departments: Public Safety, Administration, Streets and Parkways.

2. Budgeted appropriations for the three departments for fiscal year 2013 are as follows:

3. Budgeted nondepartmental items include a $1 million transfer to the Debt Service Fund and a $50,000 transfer to the Derek Park Fund.

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