Exhibit C AJE's for the 2024 Fiscal Year - Town of White Springs.PDF
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- Attached to
- Professional Auditing Services
- Solicitation number
- RFP-2025-01-0-2025/RG
- Issued by
- Hardee County, Florida
About this file
This document is an Adjusting Journal Entries (AJE) file for the Town of White Springs, Florida, for the 2024 fiscal year ending September 30, 2024. The file contains detailed accounting adjustments across multiple funds, including enterprise, general, and sewer-related accounts. The journal entries involve adjustments to fixed assets, depreciation, debt service, accounts payable, compensated absences, and various revenue classifications.
The financial document reveals multiple journal entry types, including adjusting entries (six total) and reclassing entries, with total journal entries amounting to $332,227.73. The entries touch on various accounting areas such as sewer plant operations, water plant salaries, debt service payments to Kansas City Bank, and tax revenue allocations including discretionary sales tax, communication service tax, and state revenue sharing. The entries appear to be part of the town's standard fiscal year-end accounting reconciliation process, ensuring accurate financial reporting and alignment of accounts across different municipal funds.
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Client: WHITESPRINGS - TOWN OF WHITE SPRINGS Engagement: TOWN OF WHITE SPRINGS Period Ending: 9/30/2024 Trial Balance: TB - Government Fund Trial Balance Workpaper: Combined Journal Entries Report Fund Level: All Index: All
Account Description W/P Ref Debit Credit
400-163.900 Accumlated Depreciation- Bldgs, 277,612.08
400-343.600 ENTERPRISE INCOME:MISC/REIMBURSEMENT REVENUE 2,008.63
400-165.900 Accumlated Depreciation- Improv 261,940.26
400-167.900 ACCUMLTD DEPRECIATION 13,179.66
400-536.3090 SEWER DEPRECIATION 4,500.79
Total 279,620.71 279,620.71
100-513.70.71 DEBT SERVICE KANSAS CITY BANK LOAN 5,361.38
100-369.900 MISC REVENUE:MISC. REVENUE 5,361.38
Total 5,361.38 5,361.38
400-166.900 EQUIPMENT 17,640.00
400-5353046 SEWER PLANT OPERATIONS:REPAIRS & MAINTENANCE SERVICE 17,640.00
Total 17,640.00 17,640.00
Adjusting Journal Entries JE # 3
Adjusting Journal Entries Adjusting Journal Entries JE # 1 To adjust fixed assets in the Enterprise fund to match the schedule
Adjusting Journal Entries JE # 2 To adjust prior year debt payment
To relocate fixed assets from the enterpiuse fund expenses to the balance sheet
Adjusting Journal Entries JE # 4 To adjust debt service to match amount on confirmation in the general fund
100-513.70.71 DEBT SERVICE KANSAS CITY BANK LOAN 2,111.00
100-361.100 MISC REVENUE:INTEREST 2,111.00
Total 2,111.00 2,111.00
400-5343340 SANITATION EXPENSE:Contract - Waste Pro 8,873.08 400-5363041 SEWER COLLECTION:Communication Services 2,501.86
400-2000 Accounts Payable 11,374.94 Total 11,374.94 11,374.94
400-5331012 WATER PLANT OPERATIONS:Salary 3,134.57
400-210.000 ACCRUED COMPENSATED ABSENCES 3,134.57
Total 3,134.57 3,134.57
Total Adjusting Journal Entries 319,242.60 319,242.60
100-312.600 SALES & USE TAXES:DISCRETIONARY SALES TAX/MONTHLY 8,255.01
100-315.000 SALES & USE TAXES:COMMUNICATION SERVICE TAX 2,660.33
100-335.120 SALES & USE TAXES:STATE REVENUE SHARING 2,069.79
100-335.180 SALES & USE TAXES:HALF CENT SALES TAX 6,433.40
100-5101 GEN GOVT EXPENSE 6,551.73
Total 12,985.13 12,985.13
Total Reclassing Journal Entries 12,985.13 12,985.13
Total All Journal Entries 332,227.73 332,227.73
To adjust comp abbs liability in the enterprise fund
Reclassing Journal Entries Reclassing Journal Entries JE # 1 To adjust RCO revenue to match the state confirmation amounts
Adjusting Journal Entries JE # 5 To adjust accounts payable in the enterprise fund.
Adjusting Journal Entries JE # 6
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