please help me to have an idea how to solve this case problems,,,,Subject: Governmental and nonprofit accounting 11th edP3-1(Operating Budget Preparation)The finance director of the Bethany Independent School Districts is making preliminary estimates of the budget outlook for the GF for the 20×8 fiscal year. These estimates will permits the superintendent to advice the department heads properly when budget instructions and forms are distributed. She has assembled the ff informations:Est 20×7 Expected change 20×81.RevenueProperty taxes 2,000,000.00 +6%STate Aid 1,000,000.00 +3%Federal Grants 500,000.00 -40,000.00Other 300,000.00 +10,000.00ExpenditureSalaries and wages 2,700,000.00 ?Utilities 400,000.00 +4%Maintenance 300,000.00 +24,000.00Capital Outlay 200,000.00 +15,000.00Debt Service 100,000.00 +20,000.00Other 50,000.00 +5,000.003.Fund balance at the end of 20×7 is expected to be $1.6million; at least $1.5million must be available at the end of 20×8 for carry over to help finance 20×9 operations REQUIRED: A. to have a draft operating budget for the Bethany Independent School District for the 20×8 fiscal year, including 20×7 comparative data and expected change computations. Assume that 20×8 appropriations are to equal 20×8 estimated revenues B. what total salaries and wages amount and average percentage increase or decrease are implied in the draft operations budget prepared in part (a)?. Please specify the maximum salary and wages amount and percentage increase that seem to be feasible in 20×8? P3-2 Budgetary and other entries-General and subsidiary ledgers, The murphy county commissioner adopted the following general fund budget for the 20×8 fiscal yearMurphy CountyGFBudget 20x8Est RevenueTaxes 8,000,000.00Lic and Permits 800,000.00Intergovernmental 2,000,000.00Charges for services 200,000.00Fines and forfiets 400,000.00Other 600,000.00total 12,000,000.00AppropriationsGeneral Govt 1,000,000.00Puiblic safety 4,000,000.00Higways and streets 5,000,000.00Health and sanitation 900,000.00cULTURE /recreation 400,000.00Other 600,000.00total 11,900,000.00Excess of est.Revenue over appropriations 100,000.00Funds balances – Beginning 1,400,000.00Fund Blances – Ending (anticipated) 1,500.000.00the following events occured during 20×81.Purchase order issued and contracts let were expected to costGeneral Govt 300,000.00Puiblic safety 1,200,000.00Higways and streets 2,500,000.00Health and sanitation 500,000.00cULTURE /recreation 300,000.00Other 200,000.00total 5,000,000.002. The commissioner reviewed the budget during the year and revised the estimate of intergovernmental revenue to $1,500,000.00 and reduced the public safety highways and strret appropriations by $225,000.00 each to partially compensate for the anticipated decline in intergovernmental revenue. and (b) increased the health and sanitation appropriation by $70,000.00 because of cost incurred in connection with an unusual outbreak of tasmanian flu.3.Revenue (actual) for 20×8 wereTaxes 8,150,000.00Lic and Permits 785,000.00Intergovernmental 1,520,000.00Charges for services 210,000.00Fines and forfiets 395,000.00Other 500,000.00Total 11,560,000.004. Goods and services under purchase order and contract were receivedest.cost actual costGeneral Govt 280,000.00 278,000.00Puiblic safety 900,000.00 910,000.00Higways and streets 2,500,000.00 2,500,000.00Health and sanitation 440,000.00 440,000.00cULTURE /recreation 300,000.00 295,000.00Other 180,000.00 181,000.00Total $4,600,000.00 $4,604,000.00The remaining orders are still oustanding5. Other expenditures incurred were:General Govt 700,000.00Puiblic safety 2,560,000.00Higways and streets 2,271,000.00Health and sanitation 485,000.00cULTURE /recreation 45,000.00Other 391,000.00total $6,452,000.00REQUIRED:1.Please Sset up general ledger T-accounts like those in illustration 3-1 and also revenue and expenditures subsiduiary ledger like those in illustration 3-2 and 3-32. make a Record the murphy county 20×8 general fund budget in the general ledger and subsidiary ledger account, keying these entries “B” (for budget). Then record the numbered transactions and events, keying these entries by those numbers.***********P3-3…Budgetary comparison statement…this problem is based on the information about the Murphy county general fund budgeted and actual transactions and events described in problem 3-2:..Helpme to get a budgetary comparison statement for the General fund of murphy county for the 20×8 fiscal year. The statement should present reveneue (by source category) , expenditures and encumbrances (by function) and the excess revenues over (under) expenditures and encumbrances. Please Use these column headings;Original budgetRevised budgetactualvariance – over (under)To assume that no encumbrances were oustanding at the beginning of 20×82.Since encumbrances do not constitutes expenditures, some governmental fund budgetary comparison statements omit data on encumbrances. (a) if no encumbrances were outstanding at the beginning of 20×8, what effects would ommision of encumbrances data have on the Murphy county general fund budgetary comparison statement for the 20×8 fiscal year?(b) and to what circumsytances would includung or excluding encumbrances data mislead users of a governmental fund budgetary comparison statement?
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