Chap018-baker 42

Chap018-baker 42 - 5.80 Capital Project – Library 21.30...

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Chapter 18 - Governmental Entities: Special Funds and Government-Wide Financial Statements 18-42 P18-22 Major Fund Tests Step 1: 10 percent criterion tests Denominators for 10 percent tests are the total of each of the four items for that fund type (for governmental and then for enterprise) 10 percent criterion tests: Governmental fund type: Assets Liabilities Revenues Expenditures Percent of: $2,112,400 $951,300 $5,790,000 $5,659,800 General fund – is always a major fund Special Revenue 1.28% (a) 2.00% 5.65%
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Unformatted text preview: 5.80% Capital Project – Library 21.30% * 3.99% 7.94% 7.39% Capital Project – Arena 1.33% 1.68% 0.71% 0.99% Debt Service 1.94% 0.00% 5.72% 5.12% Permanent 11.65% * 0.00% 0.19% 0.32% Enterprise fund type: Assets Liabilities Revenues Expenses Percent of: $3,996,000 $2,900,700 $618,000 $543,000 Enterprise – Electric 66.07% * 62.08% * 46.76% * 45.12% * Enterprise – Water 33.93% * 37.92% * 53.24% * 54.88% * (a) 1.28% = $27,000 / $2,112,400 * Meets the 10 percent criterion test...
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This note was uploaded on 10/09/2011 for the course ACC 253 taught by Professor Strimling during the Fall '11 term at Harper.

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