A village needs resources to finance its operations for the remainder of $2013.$ Poor internal countrol procedures under the previous administration created a serious funding problem for the new administration. The new mayor feels that if he can get through the current year, he can develop a new budget and control future expenditures to create a surplus. After reviewing the village's financial statements, the mayor wants to borrow from restricted assets in a n

Enterprise Fund $($resources set aside, pursuant to a bond agreement, to ensure payment of debt service$).$ The mayor is certain that future surpluses from the village's operating budget will allow him to replace the borrowed funds in $3$ to $5$ years. How would you respond to the mayor?