Question
Major Funds Lenox County provides the following information on its governmental and enterprise funds: Fund Assets Liabilities Revenues Expenditures/ Expenses General fund $64,000 $57,600 $544,000
Major Funds
Lenox County provides the following information on its governmental and enterprise funds:
| Fund | Assets | Liabilities | Revenues | Expenditures/ Expenses |
|---|---|---|---|---|
| General fund | $64,000 | $57,600 | $544,000 | $626,400 |
| Grants special revenue fund | 44,000 | 34,800 | 160,000 | 77,600 |
| Parks and recreation special revenue fund | 1,600 | 1,040 | 32,000 | 33,600 |
| Licensed gaming special revenue fund | 6,400 | 5,600 | 52,000 | 49,600 |
| Roads capital projects fund | 11,200 | 9,600 | 160,000 | 162,400 |
| Bridges capital projects fund | 28,000 | 24,000 | 96,000 | 92,000 |
| Buildings capital projects fund | 32,000 | 24,000 | 80,000 | 78,400 |
| Water enterprise fund | 168,000 | 160,000 | 712,000 | 624,000 |
| Airport enterprise fund | 520,000 | 496,000 | 760,000 | 762,400 |
In the governmental funds financial statements, which of these funds are reported separately as major funds?
Calculate the thresholds:
| Element | Total for Governmental Funds | 10% Test | Total for Governmental and Enterprise Funds | 5% Test |
|---|---|---|---|---|
| Assets | Answer
| Answer
| Answer
| Answer
|
| Liabilities | Answer
| Answer
| Answer
| Answer
|
| Revenues | Answer
| Answer
| Answer
| Answer
|
| Expenses/expenditures | Answer
| Answer
| Answer
| Answer
|
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Cost Benefit Analysis With Reference To Environment And Ecology
Authors: James H. Meisel, K. Puttaswamaiah
1st Edition
1138521329, 978-1138521322
