Chapter 18 - Governmental Entities: Special Funds and Government-Wide Financial Statements18-43P18-22 (continued) Step 2: 5 percent criterion testsThe 5 percent criterion test is applied only to those funds that met the 10 percent criterion test. (For each of the four 5 percent tests, the denominator is the combined amount of that item from the governmental funds plus the enterprise funds.) Computation of denominators for 5 percent governmental and enterprise fund types:Assets Liabilities Revenues Expenditures/Expenses Governmental fund types $2,112,400$ 951,300$5,790,000 $5,659,800Enterprise fund types 3,996,0002,900,700618,000 543,000Combined $6,108,400$3,852,000$6,408,000 $6,202,8005 percent criterion tests: Assets Liabilities Revenues Expenditures/Expenses Percent of combined amount of: $6,108,400$3,852,000$6,408,000 $6,202,800Governmental fund type: General fund – is always a major fund Capital Project – Library 7.37%(a)**0.99% 7.18%**6.74%**Permanent 4.03% 0.00% 0.17% 0.29% Enterprise type funds: Enterprise – Electric
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