Suppose interfund transfers of the general fund of Contra Costa County, California for 2017 were as follows:

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Suppose interfund transfers of the general fund of Contra Costa County, California for 2017 were as follows: 

1. \($2,000,000\) advance to the Park Development special revenue fund, to permit initial expenditures under a project to be fully supported by a federal grant. 

2. \($1,500,000\) 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. \($500,000\) from the Roads capital projects fund, unspent proceeds of a bond issue. 

4. \($3,000,000\) to the County Hospital (enterprise fund), as the city's cost of services provided. 

5. \($2,900,000\) to the Airport Fund (enterprise fund) to temporarily finance the maintenance of runways. 

6. \($2,000,000\) from the Park 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 balance sheet and/or statement of revenues, expenditures, and changes in fund balances.

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Advanced Accounting

ISBN: 978-1618531513

3rd Edition

Authors: Susan S. Hamlen

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