Question
Use the CAFR of city LOS GATOS, answer the questions that relate to the overall government and governmental funds a) Find the budgetary comparison schedules
Use the CAFR of city LOS GATOS, answer the questions that relate to the overall government and governmental funds
a) Find the budgetary comparison schedules for the general fund. Using them, what were the estimate revenues and appropriations for the most recent fiscal year?
b) Using the same information as in part (a), list the amounts of any transfers in and transfers out that were budgeted for the most recent year.
c) Based on the notes following the financial statements, what is the policy of the general fund with respect to outstanding encumbrances at the fiscal year-end?
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