The mayor of Vaudeville wants to complete a pet project that involves providing extra lighting in the

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The mayor of Vaudeville wants to complete a pet project that involves providing extra lighting in the neighborhoods where his friends live. After the budget for the General Fund was fully appropriated, one of the mayor’s friends called to ask for the additional lighting. The major has decided to “borrow”

some money from the Parks Fund, a Special Revenue Fund established by the city council. As the city’s bookkeeper, the mayor instructed you to transfer some Parks Fund cash into the General Fund—Miscellaneous account. You responded by questioning the action, but the mayor said: “No one reads a government financial report, and if someone does read it, he or she does not understand all of the funds and their uses.” How should you respond?

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Introduction To Government And Not For Profit Accounting

ISBN: 9780130464149

5th Edition

Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch

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