Bonds that mature in one lump sum at a specified future date
What are term bonds
100
How do you know if an accountant is an extrovert?
What is "They look at YOUR shoes when talking to you"
100
The fund debt proceeds are generally placed for construction projects.
What is a Debt Service Fund?
200
A government's pledge, usually incorporated into a bond issuance, to back a bond with its full taxing authority
What is "Full Faith and Credit"
200
"Nobody puts Baby in a corner."
What is Dirty Dancing
200
A fund to account for financial resources set aside for the payment of interest and principal on long-term debt
What is a sinking fund
200
What is the Army slogan for accountants?
What is "Be audit you can be"
200
The cornerstone of government financial accounting, per GASB 1
What is accountability
300
Public domain fixed assets such as bridges, curbs, streets & sidewalks and other similar assets
What are Infrastructure Assets
300
"Hello, my name is Indigo Montoya. You killed my father, prepare to die"
What is Princess Bride
300
Bonds or other obligations whose principal and interest are paid exclusively from earnings of a specific activity
What is Revenue Debt
300
Where do homeless accountant's live?
What is "In a tax shelter"
300
The account where you record the NPV of a capital lease
What is OFS-Capital lease
400
The portion of an agreed upon contract price deliberately withheld until the work is substantially complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project
What is Retainage?
400
“I’ll be back.”
What is The Terminator
400
A transaction that annuls or voids a liability or other contractual agreement
What is defeasance
400
How does Santa's accountant value his sleigh?
What is "Net Present Value"
400
Which method for accounting for prepayments is only allowed at the Government-wide level?
What is Consumption
500
Costs incurred to issue bonds, such as fees to underwriters, attorneys and accountants
What are Issue Costs?
500
“Life moves pretty fast. You don’t stop and look around once in a while, you could miss it.”
What is Ferris Bueller's Day Off
500
The fund balance category where amounts for funded reserves are displayed
What is Restricted Fund Balance
500
Why do economists exist?
What is "So accountants have someone to laugh at."
500
What is the name of the bronze T-Rex in front of the Museum of the Rockies