The amount shown as Fund balance (unassigned) has not changedsince the year started. The amount shown as appropriations includesthe amounts appropriated for transfers. Property tax invoices aremailed out on January 10 and are due to be paid on February 10.Property owners that have not paid their taxes are classified asdelinquent on March 10.
| Debits | Credits |
| Cash | $4,000 | |
| Property taxes receivable, delinquent | 22,000 | |
| Allowance for uncollectible property taxes, delinquent | | $5,000 |
| Salaries payable | | 6,000 |
| Due to Water Enterprise Fund | | 3,000 |
| Accounts payable | | 16,000 |
| Fund balance (unassigned) | | 3,000 |
| Property tax revenues | | 250,000 |
| Sales tax revenues | | 40,000 |
| Expenditures - salaries | 220,000 | |
| Expenditures - other than personal services | 23,000 | |
| Expenditures - utilities | 14,000 | |
| Transfer to Debt Service Fund | 30,000 | |
| Transfer to Water Enterprise Fund | 10,000 | |
| Estimated revenues (total) | 297,000 | |
| Appropriations (total) | | |
| Budgetary fund balance | 3,000 | |
| Totals | $623,000 | $623,000 |
Assess the financial condition of the village based on theinformation given in. Include a discussion of the village's quickratio, number of days’ cash on hand, and budgetary cushion indeveloping your conclusion.
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