Question

The county determined it needed to prepare a budget amendment to reflect a decrease in charges for services of $100,000 and an increase in public safety expenditures of $150,000. What will be the effect of these two adjustments on the Budgetary Fund Balance account?

Answer 1

Answer:

Budgetary Budgetary Fund Balance will be debited $250,000

Explanation:

Hi, Budgetary Budgetary Fund Balance will be debited $250,000,

Expenditures are a cost for the balance ($150,000), and must be debited.

The charges for services are recorded as revenues or collections for the country, a decrease of these collection makes them a to be considered like an expenditure and be debited too. ($100,000)

So, mathematically speaking

$100,000+$150,000 =$250,000

Feel free to ask for more if needed or if you did not understand something.