Prepare a Statement of Revenues, Expenditures, and Changes inFund Balance for the San Jacinto County Courthouse Capital ProjectsFund for the year ended June 30, 20X9, given the followinginformation:

1. In June 20X8, a $10,000,000 bond referendum is voted for andapproved by the citizens of San Jacinto County for the constructionof a new courthouse.

2. On July 1, 20X8, a Capital Projects Fund is established forthis project with a transfer of $500,000 from the General Fund.

3. The county commissioners approve another $3,000,000 transferof General Fund monies previously committed for this project. Thetransfer order call for $2,000,000 to be sent to the CourthouseCapital Projects Fund to begin construction of the courthouse and$1,000,000 to the Courthouse Debt Service Fund to help satisfy thebond indenture requirements. The finance director completes thesetransfers on August 1, 20X8.

4. The county signs a contract for $10,000,000 on August 5,20X8, for construction of the new courthouse.

5. On January 2, 20X9, the county issues the $10,000,000 facevalue courthouse bonds at 101, net of issue costs of $90,000. Alsoon this date, the county receives a $2,000,000 bill from thecontractor for work completed to date.

6. According to the bond covenants, the county transfers thebond premium (net of bond issuance costs) to the Courthouse DebtService Fund on January 4, 20X9.

7. On January 31, 20X9, the county pays the contractor's billfrom January 2nd, less a 5% retainage.

8. On June 30, 20X9, the county receives $80,000 from the bankfor interest on idle cash and a $1,250,000 bill from the contractorfor work completed between January 1st and fiscal year end.