28&29

The sheriff coliects real estate taxes and later cemits these tunds to varlous aspects of the governmental entity (such as schools, gravity drainage districts, bond payments). Whut is ths type of fund called? a. General Fund b. iavestment Trusts c. Prlvate Purpose tusts d. Agency Funds The Statement of Activities reports activities different than the financial format. What is the main difference? a. Expenses and Revenue are usually upside down b. The statements are only shown on the full accrual basis c. There is a reconciliation between funds format and government-wide statements d. The statements are only shown on the modified accrual basis