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Accounting Tutorial › With Two General Funds

SpringTime
Statement of Operations and Changes in Fund Balances
For the Year Ending December 31, 2000

  Operating Fund   Capital Fund   Total
  2000 1999   2000 1999   2000 1999
Revenues                
   Capital contributions $ - $ -     $60 $50   $60 $50
   Spring Fling 600 500   - -   600 500
   Unrestricted - 100   - -   - 100
  600 600   60 50   660 650
   Flower Pin sales 250 450   - -   250 450
   Cost of sales (100) (150)   - -   (100) (150)
  150 300   - -   150 300
  750 900   60 50   810 950
Expenses                
   Administration 100 65   - -   100 65
   Amortization - -   110 100   110 100
   Interest - -   55 65   55 65
   Spring Fling 300 400   - -   300 500
  400 465   165 165   565 730
Revenues over expenses 350 435   (105) (115)   245 220
Opening fund balances 450 15   320 435   770 450
Endowment contributions 10,200 -   - -   10,200 -
Endowment interest 125 -   - -   125 -
Interfund transfers (100) -   100 -   - -
Ending fund balances $11,025 $450   $315 $320   $11,340 $770

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