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Listed below are the December 31, 2015 pre-closing Trial Balances for the General Fund, Motor Fuel Tax Special Revenue Fund, Debt Service Fund, and Capital Projects Fund for the Village of Janesville. Prepare a Governmental Funds Balance Sheet and Statement of Revenues, Expenditures, and Changes in Fund Balances as of and for the year ended December 31, 2015. The Village considers the Capital Projects Fund a major fund. Categorize the Fund Balances as appropriate and explain why you chose the classifications that you did for each fund. Each fund balance classification should be used at least once - you will need to create scenarios that you think would be happening inside the government that would explain each classification.

		Debit	Credit
General Fund
	Cash	443,000
	Taxes Receivable	528,800
	Interest Receivable	34,490
	Due from State	60,000
	Accounts Payable		90,300
	Due to other funds		135,000
	Fund Balance, January 1, 2015		290,000
	Revenues - Property Taxes		3,478,800
	Revenues - Sales Taxes		1,452,490
	Revenue - Licenses and Permits		540,000
	Revenue - Fines and Fees		430,000
	Revenue - Intergovernmental Revenue		450,000
	Revenue - Miscellaneous		30,000
	Expenditures - General Government	810,000
	Expenditures - Public Safety	2,139,500
	Expenditures - Public Works	630,000
	Expenditures - Health and Welfare	480,100
	Expenditures - Parks and Rec	950,400
	Expenditures - Miscellaneous	20,300
	Transfer out to Debt Service Fund	800,000
Motor Fuel Tax Special Revenue Fund
	Cash	247,500
	Due from State	125,000
	Accounts Payable		135,000
	Fund Balance, January 1, 2015		212,500
	Revenues - Motor Fuel Taxes		650,000
	Revenues - Licenses and Permits		350,000
	Expenditures - Public Works	975,000
Debt Service Fund
	Cash	34,000
	Fund Balance, January 1, 2015		-
	Expenditures - Debt Service Principal	370,000
	Expenditures - Debt Service Interest	196,000
	Transfer In from General Fund		600,000
Capital Projects Fund
	Cash	102,000
	Investments	260,000
	Interest Receivable	6,000
	Fund Balance, January 1, 2015		-
	Revenues - Intergovernmental Revenue		-
	Revenues - Investment Income		18,000
	Proceeds from Bonds		1,200,000
	Premium on Bonds		200,000
	Transfer In from General Fund		200,000
	Expenditure - Capital Outlay	1,250,000

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