Question
In a county's CAFR for the current fiscal year, governmental activities expenses on the government-wide statement of activities are $200 million and governmental fund expenditures
In a county's CAFR for the current fiscal year, governmental activities expenses on the government-wide statement of activities are $200 million and governmental fund expenditures on the governmental funds statement of revenues, expenditures, and changes in fund balances are $225 million.
What is a possible reason why expenditures are higher than expenses?
A. Large amounts of depreciation expense on governmental capital assets. B. Large accruals of pension benefits not requiring current resources. C. Large principal payments on general obligation debt. D. Large amounts of general obligation debt issued.
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