1. At the inception of a capital lease by a department accounted for in a county's general fund, the county will record the total capitalizable cost of the lease in the GCA and in the total capitalizable cost of the lease less any down payment in the GLTL.

True

False

2.

SLG Proprietary Funds

	a.	Include Agency Funds and Trust Funds
	b.	Have the following simplified accounting equation: current assets - current liabilities = fund balance
	c.	Are also known as Expendable Funds
	d.	Use the accrual basis of accounting