The following is a Statement of Cash Flows for the risk management internal service fund of the City of Wrightville. An inexperienced accountant prepared the statement using the FASB format rather than the format required by GASB. All long$-$term debt was issued to purchase capital assets. The transfer from the General Fund was to establish the internal service fund and provide the initial working capital necessary for operations.

$\backslash$table$[[\backslash$table$[[$CITY OF WRIGHTVILLE$],[$Risk Management Internal Service Fund$],[$Statement of Cash Flows$],[$For the Year Ended June $30,2024]],],[$Cash flows from operating activities:,$],[$Cash received from other departments,$$926,000$u

RISK MANAGEMENT INTERNAL SERVICE FUND

Statement of Cash Flows

For the Year Ended June $30,2024$

Prev

$9$ of $12$

Next