Question:
Presented here is information from the
financial statements of the various funds of the City of Chattanooga, Tennessee, for the year ended June 30, 20X9.
Required
Prepare a schedule to apply the quantitative tests for identifying major funds. Indicate which funds are major funds andwhy.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Transcribed Image Text:
Assets and Liaties Deferred and Deferred Outflows Inflows Revenues Expenditures/ Funds penses General Fund. Special Revenue Funds: .r. $161,664,282 $105,621,572 $174,173,652 $148,252,746 114,128 2,635,495 5,207,192 16,149 01,502 12,116,912 13,707,558 265,314 459,981 4,423,940 4,822,084 936,964 4,485,829 3,901,923 101,890 132,112 Downtown Development Fund Human Services Pogram Fund... .. 17,801 4,002,500 2,428,526 2,291,601 1,696,475 1,696,807 23,171 599,194 846,199 State Street Aid Fund.. munity Development Fund.. 734,497 3,733,796 226,238 River Pier Garage Fund .. . . . . . . .. Debt Service Fund... Permanent Funds: -1,652,579 14,137,674 7,139,208 204,405 562 3,277,654 2,083 13,244 3,148,349 61,342 54,427 Ochs-Oakes Fire and Police Medal Fund Enterprise Funds: Interceptor Sewer System Fund.... Solid Waste/Sanitation Fund ..^ . . . 398,798,000 153,030,000 426,993,000 417,792,000 353,702,452 119,607,463 38,317,183 35,395,214 19,878.609 34,943,427 6,027,615 4,678,270 7,711298 3,677,797 1,264,919 552,119 . .6,349,146 4,371,741 11,516,8289,574,499 Internal Service Fund Fiduciary Funds: General Pension Plan Firefighters' and Police Officers... 216,459,943 215,503 32,342,66 9,004,420 nsurance and Pension Fund 623,599 33,736,945 18,691,665 $1,487,550,901 $449,440,118 $765,515,982 $718,979,763 238,384,161 Totals