A down payment made at the inception of a capital lease by a government fund department decreases the fund balance of the government fund.

True

False

2.

Which of the following would be included in the amount of property tax revenues recognized and reported for the current year by a Government Fund?

	a.	Delinquent property taxes collected during the 3rd month of the current year that were levied during the previous year to pay for previous year expenditures
	b.	Property Tax discounts granted to property owners that paid property taxes before the due date on a property tax levied this year to be used to pay for current year expenditures
	c.	Property taxes collected on behalf of another government entity
	d.	Property taxes collected during the 2nd month of the current year that were levied during the 1st month of the current year to pay for future year expenditures

3.

For year-end financial statement purposes, an SLG will report long-term debt such as bonds payable as a non-current liability on the balance sheet of which type of fund?

	a.	GLTL
	b.	Non-expendable Fund
	c.	Expendable fund
	d.	Debt Service Fund