Capital Projects, Debt Service, and Permanent Funds
Proprietary Funds
Fiduciary Funds
100
Recording transfer received from other fund
What is Other Financing Source?
100
An interfund transaction that is described as flows of cash or other assets without a requirement for repayment?
What is interfund transfer?
100
Fund to be used for acquisition or construction of major capital facilities.
What is Capital Projects?
100
Provides services to other governmental departments or agencies on a cost-reimbursement basis.
What is Internal Service Funds?
100
Accounts for assets contributed to a government in which the trust agreement stipulates that the income to be used to benefit invidduals, organizations, or other governments.
What is Private-Purpse Trust Fund?
200
Sales Taxes
What is a derived tax revenue?
200
Not closed at the end fiscal year
What is Due to Debt Service Fund
200
The Debt Service Fund received a cash transfer of $25,000 from the Capital Projects Fund after a capital project was completed.
What is Debit Cash, credit Other Financing Sources - Transfers In for $25,000?
200
Describes fund that are used to account for activities similar to those often engaged in by profit-seeking businesses
What is proprietary fund?
200
Accounts for assets held temporarily for individual, organizations, or other governments.
What is Agency Fund?
300
An example of Non-Spendable Resource.
What is Inventory?
300
A tax levy restricted to operating the emergency 911 system
What is reported in a special revenue fund?
300
A fund to be used for payment of interest and principal on general long term debt.
What is Debt Service?
300
The result of constraints externally imposed by creditors or imposed by law through constitutional provisions or enabling legislation.
What is Restricted Net Assets?
300
Accounts for assists held and invested on behalf of other governments in a multi government investment pool in which the reporting government is the sponsor.
What is Investment Trust Fund?
400
The most constrained category of spendable fund.
What is Restricted Fund?
400
A fund that reports the proceeds of specific revenue sources that are restricted or committed to expenditures for specified purpose other than debt service or capital projects.
What is Special Revenue?
400
Expenditures made in the Capital Projects Fund are classified on the Statement of Revenue, Expenditures, and Changes in Fund Balance.
What is Capital Outlays
400
Provide on a user-charge basis to the general fund.
What is Enterprise Fund?
400
Use the economic resources measurement focus and accrual basis of accounting.
What is Fiduciary Fund?
500
The time period in which property taxes can be recorded.
What is 60 days after end of the fiscal year?
500
A fund that reports all financial resources not accounted for and reported in another fund.
What is General Fund
500
a fund that accounts for resources that are legally restricted to the extent earnings may be used to support government programs.
What is a permanent fund?
500
The direct method of reporting cash flow in the Proprietary Fund Statement
What is required by GASB?
500
Accounts for assets held and invest on behalf of government employee pension plans in which the reporting government act as trustee.