T F 21. The costs of a central data processing department are allocated through an Internal Service Fund.

T F 22. Due to the inter-agency nature of Internal Service Funds, they are considered to be Governmental Funds.

T F 23. An Investment Trust is where employee pensions are accounted for.

T F 24. Agency Funds are those funds invested in an Investment Trust.

T F 25. A key reason for the need for creation of Government-wide Financials in 1999 was the wide spread abuse of Fiduciary Funds.

T F 26. Government-wide financials are divided into Governmental and Business Type activities.

T F 27. Internal Service Funds are reported under business type activities in the Government-wide Financials.

T F 28. The Fund Based Statement of Revenues, Expenditures and Changes in Fund Balance is similar to a Balance Sheet.

T F 29. Fund credit balances are considered Assigned if they represent inventories of supplies and prepaid expenses.

T F 30. Assigned Funds may be those set aside to meet an upcoming payroll.