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At the end of the fiscal year, Palm City was trying to determine which of its funds would be required to be reported as major
At the end of the fiscal year, Palm City was trying to determine which of its funds would be required to be reported as major funds in accordance with GASB standards. Palm City has provided the information for all of its governmental and enterprise funds that is needed to determine major fund classification in accordance with GASB standards. For each fund, evaluate whether each criterion is met by selecting "Yes" if met and No otherwise. Then determine whether the fund should be classified as major. tablePALM CITYAs of fiscal year endFund Name,tableTotalAssetstable
At the end of the fiscal year, Palm City was trying to determine which of its funds would be required to be reported as major funds in accordance with GASB standards. Palm City has provided the information for all of its governmental and enterprise funds that is needed to determine major fund classification in accordance with GASB standards. For each fund, evaluate whether each criterion is met by selecting "Yes" if met and No otherwise. Then determine whether the fund should be classified as major.
tablePALM CITYAs of fiscal year endFund Name,tableTotalAssetstable
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