Question
The Dunstown County general fund received a notice of a federal grant award for an expenditure-driven (reimbursement) grant in the amount of $1,000,000. Included with
The Dunstown County general fund received a notice of a federal grant award for an expenditure-driven (reimbursement) grant in the amount of $1,000,000. Included with the notice was an advance of $250,000. During the year, the County incurred $400,000 of qualifying eligible grant expenditures, and no additional money had been received from the grantor.
What would be the amount of revenues reported at the entity-wide level?
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The quantity of revenues recorded at the entity level would vary depending on Dunstown Countys choic...
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Essentials of Accounting for Governmental and Not for Profit Organizations
Authors: Paul A. Copley
13th edition
125974101X, 978-1259741012
