Problem 2: Major and nonmajor fund questions Questions are based on the 2020 CAFR for the Village of Arlington Heights. Major fund tests are based upon testing 4 line items from both the governmental and enterprise fund financial statements. The four line items tested are Assets and deferred outflows of resources Liabilities and deferred inflows of resources Revenues Expenditures/expenses 1. For each line item, show the total amounts that were used for the 10% and the 5% tests for the governmental funds for the Village of Arlington Heights. Answer Form: (A) (B) (C) Totals for all Totals for all Governmental 1. Total amounts Enterprise Funds Funds Total assets and deferred outflows of resources Total liabilities and deferred inflows of resources Total revenues Total expenditures /expenses (A) and (B) Problem 2: Major and nonmajor fund questions Questions are based on the 2020 CAFR for the Village of Arlington Heights. Major fund tests are based upon testing 4 line items from both the governmental and enterprise fund financial statements. The four line items tested are Assets and deferred outflows of resources Liabilities and deferred inflows of resources Revenues Expenditures/expenses 1. For each line item, show the total amounts that were used for the 10% and the 5% tests for the governmental funds for the Village of Arlington Heights. Answer Form: (A) (B) (C) Totals for all Totals for all Governmental 1. Total amounts Enterprise Funds Funds Total assets and deferred outflows of resources Total liabilities and deferred inflows of resources Total revenues Total expenditures /expenses (A) and (B)