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P3-3…Budgetary comparison statement…this problem is based on the information about the Murphy county general fund budgeted and actual transactions and events described in problem 3-2

REQUIRED:..Helpme to get a budgetary comparison statement for the Genral fund of murphy county for the 20×8 fiscal year. The statement should present reveneue (by source category) , expenditures and encumbrances (by function) and the excess revenues over (under) expenditures and encumbrances. Please Use these column headings;

Original budget

Revised budget

actual

variance – over (under)

To assume that no encumbrances were oustanding at the beginning of 20×8

2.Since encumbrances do not constitutes expenditures, some governmental fund budgetary comparison statements omit data on encumbrances. (a) if no encumbrances were outstanding at the beginning of 20×8, what effects would ommision of encumbrances data have on the Murphy county general fund budgetary comparison statement for the 20×8 fiscal year?

(b) and to what circumsytances would includung or excluding encumbrances data mislead users of a governmental fund budgetary comparison statement?