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Residents from the Town of Mountain View authorized a $7,300,000 renovation to their historic town hall on November 15, 2019. Financing for the project consists of $2,800,000 from a 6 percent serilall bond issue, $2,400,000 from a state grant, and $2,100,000 from the General Fund. Debt service for the serlal bonds will be provided by a one-quarter-cent city sales tax imposed on every dollar or sales in the city. The town has a calendar year-end Required Prepare Journal entries to record the related transactions in the town's capital projects fund, debt service fund, and governmental activities at the government-wide level (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) s. The renovation is considered complete and appropriate amounts are reclassified as buildings and other than buildin Debt Service Cash i.e., landsca s(1) fund Transfers In All capital projects fund nominal accounts are closed, and remaining cash in the capital projects fund is transferred to the debt service fund. (Remember to amend the debt service fund budget because this transfer was not s(2) Estimated Other Financing Transfers In Fund apital ProjecsRecord the receipt for debt service payments. s(3) Fund 800,000 Record the transfer s to the debt service r Financing UsesInterfund Transfers Out Record the after transfer out. s(6) Activities Record the closing entry and reclassify the appropriate amounts. s other than n Work in Progress

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