During the fiscal year ended September 30, 2017, the following transactions (summarized) occurred in the Berthoud Information Technology Internal Service Fund:

1. Employees were paid $290,000 wages in cash.

2. Utility bills received from the Town of Fredericksburg’s Utility Fund during the year amounted to $23,500.

3. Office expenses paid in cash during the year amounted to $10,500.

4. Service supplies purchased on account during the year totaled $157,500.

5. Parts and supplies used during the year totaled $152,300 (at cost).

6. Charges to departments during the fiscal year were as follows:

General Fund $308,700

Street Fund 279,300

7. Payments to the Utility Fund totaled $21,800.

8. Annual depreciation totaled $30,000 for machinery and equipment.