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calculate how much regina county should report as montor pool transportation expenses for each of its programs in its 2020 government wide statement of activities.
calculate how much regina county should report as montor pool transportation expenses for each of its programs in its 2020 government wide statement of activities.
Regina County has an Intemal Service Fund (ISF) that operates a motor pool for various county agencies, all of which receive appropriations from the General Fund. The amounts billed by the ISF during 2020 were: General government programs - $80,000; Public safety programs - $10,000; and Social services programs $30,000. These amounts are included in the total expenditures reported in the fund financial statements for each program. Following is a condensed ISF operating statement: Required: a. Calculate how much Regina County should report as motor pool transportation expenses for each of its programs in its 2020 government-wide statement of activities. b. Assume the ISF assets are: Cash of $20,000; and Capital assets, net of depreciation, of $180,000. Describe how the ISF assets are brought into the government-wide financial statements assume the ISF assets are cash of 20,000 and captial assets, net of depreciation, of 180,000. describe how the ISF assets are brought into the government wide financial statements.
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