Question
Here is information for a county government: Governmental funds Enterprise funds Total assets and deferred outflows $ 45,000,000 $ 40,000,000 Total liabilities and deferred inflows
Here is information for a county government:
| Governmental funds | Enterprise funds |
Total assets and deferred outflows | $ 45,000,000 | $ 40,000,000 |
Total liabilities and deferred inflows | 44,000,000 | 38,000,000 |
Total revenues | 250,000,000 | 290,000,000 |
Total expenditures/expenses | 242,000,000 | 260,000,000 |
The county has four special revenue funds, with the following characteristics:
| Beach preservation | Health education | Community protection | Emergency call service |
Total assets and deferred outflows |
$ 2,000,000 |
$ 4,000,000 |
$ 4,800,000 |
$ 1,900,000 |
Total liabilities and deferred inflows |
1,000,000 |
3,500,000 |
1,800,000 |
1,100,000 |
Total revenues | 20,000,000 | 30,000,000 | 30,000,000 | 26,000,000 |
Total expenditures | 15,000,000 | 26,000,000 | 25,000,000 | 24,000,000 |
Which of these special revenue funds also meet the second criterion for reporting as a major fund in the governmental funds financial statements, and therefore will be reported as major funds?
A. | Health education, community protection, and emergency call service funds | |
B. | Beach preservation and health education funds | |
C. | Health education and community protection funds | |
D. | Health education fund only |
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