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Explain the various types of monetary transfers that occur within funds maintained by a state or local government. In the City of Manchester, New Hampshire,
Explain the various types of monetary transfers that occur within funds maintained by a state or local government.
In the City of Manchester, New Hampshire, Fund A transfers $ in cash to Fund B For each of the following, indicate whether the statement is true or false, and if false, explain why.
If Fund is the general fund and Fund is an enterprise fund, nothing is shown for this transfer on the statement of activities within the governmentwide financial statements.
If Fund is the general fund and Fund is a debt service fund, nothing is shown for this transfer on the statement of activities within the governmentwide financial statements.
If Fund is the general fund and Fund is an enterprise fund, $ reduction is reported on the statement of revenues, expenditures, and other changes in fund balance
for the governmental funds within the fund financial statements.
If Fund is the general fund and Fund is a special revenue fund which is not considered a major fund no changes are shown on the statement of revenues, expenditures,
and other changes in fund balance for the governmental funds within the fund financial statements.
If Fund is the general fund and Fund is an internal service fund and this transfer is to pay for work done, the general fund will report an expense of $ within the fund
financial statements.
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