Week 5 Homework
Major Assets: Cash and Euity in Pooled Investments, Receivables, Net of Allowances: Taxes,
Accounts, Contrats and Notes, Special Assessments – Delinquent, Interest and dividends,
Unbilled and others. Due from other funds, Due from other governments, Inventories, Prepaid
and other current assets, Deposits with vendor, Contracts and notes – Noncurrent.
Major Liabilities: Accounts Payable, Contracts payable, Due to Other Funds, Due to other
governments, Salaries, benefits, and taxes payable, Interest Payable Deposits Payable, Interest
payable, Deposits payable, Revenue collected/billed in advance – current, Other current
Liabilities, Deferred revenues.
Reserves: Reserves Legally Segregated for Future Use, and Reserves Not Available for
Designations: Capital Improvements, Continuing Appropriations,
Debt service, Encumbrances,
Health care rate stabilization, Endowments, Gifts, Interfund loans, Inventories, Petty Cash.
Taxes Receivable is NOT offset by Deferred Revenues.