POST CLOSING
TRIAL BALANCE - TRUST FUNDS (CONT'D)
(Assessment Section Must Be Separately Stated)
AS AT DECEMBER 31, 2021
| Title of Account | Debit | Credit |
|---|---|---|
| CDBG TRUST FUND | ||
| CASH | - | |
| DUE TO - | ||
| CDBG RECEIVABLE | 44,385.89 | |
| RESERVE FOR CDBG RECEIVABLE | 44,385.89 | |
| FUND TOTALS | 44,385.89 | 44,385.89 |
| ARTS AND CULTURAL TRUST FUND | ||
| CASH | - | |
| FUND TOTALS | - | - |
| OTHER TRUST FUNDS | ||
| CASH | 4,674,238.88 | |
| DUE FROM CURRENT FUND | 229,510.42 | |
| HUD RECEIVABLE | 8,261.00 | |
| TRUST FUND RESERVES (SEE 6b) | 4,561,865.96 | |
| ENCUMBRANCES PAYABLE | 310,610.74 | |
| DUE TO CURRENT FUND | 14,000.00 | |
| DUE TO PUBLIC ASSISTANCE FUND | 25,533.60 | |
| OTHER TRUST FUNDS PAGE TOTAL | 4,912,010.30 | 4,912,010.30 |