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- following is a summary of the operating budget adopted by...
Question: following is a summary of the operating budget adopted by...
Question details
Following is a summary of the operating budget adopted by Westchester County, New York for the cal‑endar year 2017. The actual budget document is almost 750 pages, so the summary is highly condensed. Prepare the journal entry to record the budget, assuming that the detail will be separately recorded.Estimated revenues and other sources:
Real property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 548,423,468
Sales tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 517,559,000
Federal and state aid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 433,229,570
Departmental income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151,405,650
Other revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159,394,093
Total estimated revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,810,011,781
Appropriated previously accumulated fund balance. . . . . . . . . . . . . . . . 15,000,000
Total estimated revenues and other sources . . . . . . . . . . . . . . . . . . . . . $1,825,011,781
Appropriations:General government and support. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 49,275,122
Home and community services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 614,816,681
Health services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 149,224,687
Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,833,371
Public safety, corrections, courts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 223,582,214
Roads, transportation, parks facilities. . . . . . . . . . . . . . . . . . . . . . . . . . . 217,729,956
Miscellaneous and fixed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 540,549,750
Total appropriations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,825,011,781
Solution by an expert tutor
