The City of Fairport adopted the following budget for fiscal year 2014:
In addition,the City reported the following actual amounts for the same fiscal year.
Required:
Prepare a budgetary comparison schedule for the City for the year ended December 31,2014 assuming the fund balance of the General Fund (budgetary basis)was $627,000 at January 1,2014.No "original budget" column is required.Include a "variance" column.

Question

The City of Fairport adopted the following budget for fiscal year 2014:
  In addition,the City reported the following actual amounts for the same fiscal year.
  Required:
 Prepare a budgetary comparison schedule for the City for the year ended December 31,2014 assuming the fund balance of the General Fund (budgetary basis)was $627,000 at January 1,2014.No "original budget" column is required.Include a "variance" column.

Quizplus · Accepted Answer

The Answer of The City of Fairport adopted the following budget for fiscal year 2014:
  In addition,the City reported the following actual amounts for the same fiscal year.
  Required:
 Prepare a budgetary comparison schedule for the City for the year ended December 31,2014 assuming the fund balance of the General Fund (budgetary basis)was $627,000 at January 1,2014.No "original budget" column is required.Include a "variance" column.

The City of Fairport Adopted the Following Budget for Fiscal