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For the budgetary year ending June 30, the Town of Cacho's general fund expects the following inflows of resources: Property taxes, licenses, and fines $9,000,000
For the budgetary year ending June 30, the Town of Cacho's general fund expects the following inflows of resources:
Property taxes, licenses, and fines $9,000,000
Proceeds from debt issue 5,000,000
Interfund transfers-in for capital projects fund 1,000,000
In the budgetary entry, what amount should Cacho record for estimated other financing sources?
A. $9,000,000
B. $10,000,000
C. $16,000,000
D. $6,000,000
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