Interfund transfers of the general fund of Contra Costa County for 2014 were as follows: 1. $1,800,000

Question:

Interfund transfers of the general fund of Contra Costa County for 2014 were as follows:
1. $1,800,000 advance to the Land Development special revenue fund, to permit initial expenditures under a project to be fully supported by a federal grant.
2. $2,500,000 to the Contra Costa County Fire Protection District (a special revenue fund) as the county's contribution to fire and emergency medical service activities for the year.
3. $700,000 from the Roads capital projects fund, unspent proceeds of a bond issue.
4. $ 1,200,000 to the County Hospital (enterprise fund), as the city's cost of services provided.
5. $3,500,000 to the Airport Fund (enterprise fund) to temporarily finance the maintenance of runways.
6. $ 1,800,000 from the Land Development special revenue fund, to repay the advance.
Required
For each of the above interfund transfers, state how the transaction is reported on the general fund's and/or statement of revenues, expenditures, and changes in fund balances.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...