The Fire Department of a certain city received an appropriation in the amount of $13,000,000 for the fiscal year ended December 31, 2016. During the month ended January 31, 2017, the following transactions occurred: a) purchase orders were issued in the amount of $480,000; b) purchase orders, related to a) above, were filled in the amount of $380,000; the related invoice amount was $368,000; invoices were paid in the amount of $350,000; c) salaries were accrued and paid in the amount of $575,000; d) the appropriation was increased in amount of $100,000. The amount available for the Fire Department as of January 31, 2017 would be:

Question

Quizplus · Accepted Answer

$13,000,000 appropriation - $480,000 purchase order + $380,000 purchase orders filled - $368,000 actual invoice amount - $575,000 salaries + $ 100,000 additional appropriation = 12,057,000.
Use the following to answer the next two questions:
The City of Park Ridge reported appropriations in the amount of $17,000,000 for its General Fund for the fiscal year ended December 31, 2017. During that year, expenditures amounted to $16,200,000 related to current year purchase orders that have been filled). In addition, $600,000 in encumbrances had been issued this year, but not filled.

The Fire Department of a Certain City Received an Appropriation