The city of eugene has the following balances in the, Ask an Expert

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The City of Eugene has the following balances in the accounts of its capital projects fund at year-end before closing entries. All accounts have normal balances. All amounts are in millions of dollars.

REQUIRED:

(a) Prepare an operating statement for the capital projects fund.

(b) Prepare a Balance Sheet for the capital projects fund.

Cash $ 68

Deferred Revenue $ 5

Encumbrances $ 38

Expenditures $ 10

Fund Balance—Unreserved $ 14

Grants Receivable $ 10

Other Financing Sources $ 50

Other Financing Uses $ 1

Reserve for Encumbrances $ 38

Revenues $ 20

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92094224

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