2011 Financial 8 Update - 2011 Financial 8 Update Financial...

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2011 Financial 8 Update Financial 8 Online Update for the 2011 Edition Last Updated March 3, 2011 SECTION A: TEXT ERRATA Item A.1 Pg. F8-44, Item 6. Bond Issue Proceeds The wrong term is used to identify the name of the financial statement that displays the receipt of bond proceeds. Currently our text reads as follows: 6. Bond Proceeds The amount of net bond issue proceeds is presented on the statement of revenues, expenditures and other financing sources as other financing sources . The underlined information is incorrect and should be replaced as shown below with the information shown corrected in red . 6. Bond Proceeds The amount of net bond issue proceeds is presented on the statement of revenues, expenditures and changes in fund balance as "other financing sources". Item A.2 Pg. F8-47, Item 4. Composition of Unrestricted Fund Balance This item heading is incorrect. Currently our text reads as follows: 4. Composition of Unrestricted Fund Balance Note that the unrestricted fund balance consists of: The underlined information is incorrect and should be replaced as shown below with the information shown corrected in red and consistent with the schedule itself 4. Composition of Restricted Fund Balance Note that the restricted fund balance consists of: Beginning fund balance, restricted $ 100,000 Proceeds from the bond issue 2,080,000 Interest Income 40,000 Expenditures (600,000) Interfund transfer to debt service (120,000) Ending fund balance, restricted $1,500,000 1
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2011 Financial 8 Update SECTION B: PASSMASTER/SIMULATIONS/QUIZZES ERRATA
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2011 Financial 8 Update - 2011 Financial 8 Update Financial...

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