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Below is information on total assets for various funds of the City of Dublin (all amounts are in thousands of dollars). Fund Assets General $1,300
Below is information on total assets for various funds of the City of Dublin (all amounts are in thousands of dollars).
Fund Assets
General $1,300
Federal Grants Special Revenue 500
State Grants Special Revenue 200
City Hall Capital Projects 900
Debt Service 700
Water and Sewer Enterprise 8,000
Swimming Pool Enterprise 1,000
Fleet Management Internal Service 10,800
Employee Pension Fund 6,500
Requirement: Prepare a schedule computing the threshold for asset amounts that should be used to determine which funds must be reported as major. Identify which funds are major funds.
Fund Assets
General $1,300
Federal Grants Special Revenue 500
State Grants Special Revenue 200
City Hall Capital Projects 900
Debt Service 700
Water and Sewer Enterprise 8,000
Swimming Pool Enterprise 1,000
Fleet Management Internal Service 10,800
Employee Pension Fund 6,500
Requirement: Prepare a schedule computing the threshold for asset amounts that should be used to determine which funds must be reported as major. Identify which funds are major funds.
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Here is the schedule to determine major funds for the City of Dublin Total assets for all gove...
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Introduction to Governmental and Not for Profit Accounting
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
7th edition
9780132776073, 132776014, 978-0132776011
