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

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

The City of Cleveland, Ohio maintains at least three General Funds each year in compliance with GASB governmental accounting requirements, T or F

Which of the following would result in an increase in the fund balance of a Government Fund?

a.

Transfer of money out of the fund to another fund of the same government

b.

Purchase of a general government capital asset

c.

Payment of general government long-term debt principle and related interest

d.

Transfer of money into the fund from another fund of the same government

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