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A department of a local government began operations at the beginning of the current fiscal year with $250,000 cash, During the fiscal year, the department

A department of a local government began operations at the beginning of the current fiscal year with $250,000 cash, During the fiscal year, the department made cash disbursements for the following governmental-type activities and is accounted for in the General Fund. Then compute total annual expenses for this department assuming it performs activities within an Enterprise Fu

• Salaries and other personnel costs, $100,000

• Office rent and utilities, $24,000

• Retirement of debt principal, $10,000: payment of interest. $2,200

• Purchased equipment at the beginning of the fiscal year for 530.000: the equipment is expected to last 6 years and have a salvage value of $6,000

• Photocopier rental. $10.500

Based on the preceding transactions, compute total annual expenditures for this department assuming it performs governmental-type activities and is accounted for in the General Fund.

Then compute total annual expenses for this department assuming its performance actives within an Enterprise fund.

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