The City of Asher had the following transactions, among others, in 20X7: 1. The council estimated…

The City of Asher had the following transactions, among others, in 20X7: 1. The council estimated…

The City of Asher had the following transactions, among others, in 20X7: 1. The council estimated that revenues of $210,000 would be generated for the General Fund in 20X7. The sources and amounts of expected revenues are as follows: Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $150,000 Parking meters. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000 Business licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000 Amusement licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000 Charges for services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000 Other revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,000   $210,000 2. Property taxes of $152,000 were levied by the council; $2,000 of these taxes are expected to be uncollectible. 3. The council adopted a budget revision increasing the estimate of amusement licenses revenues by $2,000 and decreasing the estimate for business licenses revenues by $2,000. 4. The following collections were made by the city: Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $140,000 Parking meters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,50

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