The City of Fairport Adopted the Following Budget for Fiscal

The City of Fairport adopted the following budget for fiscal year 2009:
$$\begin{array} { l | r } \hline \text { Anticipated Revenues: } & \\\hline \text { Property Taxes } &\$ 4,050,000 \\\hline \text { Licenses and Permits } & 500,000 \\\hline \text { Fines and Forfeits } & \$ 10,000 \\\hline \text { Total } & \$ 4,960,000 \\\hline \text { Approved spending levels: } & \\\text { General Government } & \$ 1,450,000 \\\text { Public Safety } & 2,300,000 \\\text { Public Works } & \underline { 1,090,000 } \\\hline \text { Total } &\$ 4,840,000 \end{array}$$ In addition, the City reported the following actual amounts for the same fiscal year. $\begin{array}{l}\text { Revenues: }\\\begin{array}{l|r} \text { Property Taxes } & \$ 4,023,000 \\\text { Licenses and Permits } & 491,000 \\\text { Fines and Forfeits } & 425,000 \\\text { Total } & \$ 4,939,000\\\hline \text { Expenditures - Current Year } &\\\text { General Government } & \$ 1,501,000 \\\text { Public Safety } & 2,400,000 \\\text { Public Works } & \$ 995,000 \\\text { Total } & \$ 4,896,000\\\\\text { Encumbrances - Current Year }&\\\text { Public Safety } & \$ 100,000 \\\\\text { Expenditures related to } 2008 & \$ 9,500 \\\text { encumbrances } &\end{array}\end{array}$ Required: Prepare a budgetary comparison schedule for the City for the year ended 12-31-2009 assuming the fund balance of the General Fund (budgetary basis) was $512,000 at Jan. 1, 2009. No "original budget" column is required. Include a "variance" column.