POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2022
| Title of Account | Debit | Credit |
|---|---|---|
| CDBG TRUST FUND | ||
| CASH | - | |
| DUE TO - | ||
| CDBG RECEIVABLE | 44,385.89 | |
| RESERVE FOR CDBG | 44,385.89 | |
| FUND TOTALS | 44,385.89 | 44,385.89 |
| ARTS AND CULTURAL TRUST FUND | ||
| CASH | - | |
| FUND TOTALS | ||
| - | - | |
| OTHER TRUST FUNDS | ||
| CASH | 6,682,207.31 | |
| DUE FROM CURRENT FUND | 229,510.42 | |
| HUD RECEIVABLE | 8,261.00 | |
| TRUST FUND RESERVES (SEE 6b) | 6,574,363.53 | |
| ENCUMBRANCES PAYABLE | 307,081.60 | |
| DUE TO CURRENT FUND | 14,000.00 | |
| DUE TO PUBLIC ASSISTANCE FUND | 24,533.60 | |
| OTHER TRUST FUNDS PAGE TOTAL | 6,919,978.73 | 6,919,978.73 |
Sheet 6.1