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Use the following information to determine whether the Fire House Capital Projects Fund should be reported as a major fund based on expenditure amounts provided.
Use the following information to determine whether the Fire House Capital Projects Fund should be reported as a major fund based on expenditure amounts provided.
Fire House Capital Projects Fund expenditures General Fund expenditures
Total of all other governmental fund expenditures
$
$
$
Multiple Choice
Yes, it is more than percent of the General Fund expenditures.
No it is less than percent of the total governmental fund expenditures.
Yes, it is more than percent of the total governmental fund expenditures.
There is insufficient information to determine if the major fund criteria are met.
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