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In 2021, employees of Pecos River County earned $5 million in vacation pay. They were paid for $4.2 million but deferred taking the balance of
In 2021, employees of Pecos River County earned $5 million in vacation pay. They were paid for $4.2 million but deferred taking the balance of their earned vacations until subsequent years. Also, employees were paid $0.7 million for vacation earned in previous years. How much should Pecos River County report its FY 2021 Vacations Expenditure on General Fund vs. Vacations Expense on Government Wide Financial Statement? a. Vacations Expenditure on General Fund - $4.2 Mill Vacations Expense on Government- Wide Financial Statement - $4.7 Mill b. Vacations Expenditure on General Fund - $5.0 Mill Vacations Expense on Government- Wide Financial Statement - $5.0 Mill c. Vacations Expenditure on General Fund - $4.2 Mill Vacations Expense on Government- Wide Financial Statement - $5.0 Mill d. Vacations Expenditure on General Fund - $4.9 Mill Vacations Expense on Government- Wide Financial Statement - $5.0 Mill
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