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The following information pertains to the Richardson County General Fund: Appropriations $10,000,000 Estimated Revenues 12,000,000 Expenditures 12,800,000 Revenues 9,300,000 Long-term note issue proceeds 1,000,000 Short-term note principal retirements 250,000 Operating transfers to other funds 75,000 The change in Richardson County's General Fund fund balance for the year is a

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Based on the given information of Richardson Country General Fund, the change in the fund balance for the year is $2,575,000 decrease.

What is the change in the General Fund balance?

This can be found as:

= Revenue + Long term note issue proceeds - Expenditure - Operating transfers

Solving gives:

= 9,300,000 + 1,000,000 - 12,800,000 - 75,000

= -$2,575,000

In conclusion, the change in Richardson County's General Fund fund balance for the year is a $2,575,000 decrease.

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