The City of Fairport adopted the following budget for fiscal year 2012:
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 31,2012 assuming the fund balance of the General Fund (budgetary basis)was $512,000 at January 1,2012.No "original budget" column is required.Include a "variance" column.

Question

The City of Fairport adopted the following budget for fiscal year 2012:
  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 31,2012 assuming the fund balance of the General Fund (budgetary basis)was $512,000 at January 1,2012.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 2012:
  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 31,2012 assuming the fund balance of the General Fund (budgetary basis)was $512,000 at January 1,2012.No "original budget" column is required.Include a "variance" column.

The City of Fairport Adopted the Following Budget for Fiscal