Need help with excerise 3

eBook: Advanced Accounting TT Annotations Accessibility Quick Tour Print Search Bookmark EXERCISES Exercise 1 (LO 2)Determining a major fund. Based on the information presented in the 2013 city of Milwaukee, Wisconsin, financial statements, list the major funds disclosed by the city. How were these funds determined? Likewise, what minimum amounts of which statement items were used to determine whether a specific enterprise fund was a major fund? Exercise 2 (L03) New standards. Go to the GASB Web site, and review the list of current projects and recently released standards. What are the most pressing issues facing the Board? In your opinion, is the Board effectively communicating these issues to the public on its Web site? Exercise 3 (LO 2, 3) Reporting major funds. Assume Boulder City has the following fund structure: General fund Special revenue fund (3) Capital projects fund (2) Debt service fund (4) unting d Not-for- 923 >