Cal city maintains several major fund types the

135. Cal City maintains several major fund types. The following were among Cal's cash receipts
during the current year:
Unrestricted state grant $1,000,000
Interest on bank accounts held for employees' pension plan 200,000
What amount of these cash receipts should be accounted for in Cal's general fund?
a. $1,200,000
b. $1,000,000
c. $200,000
d. $0
136. Sample City has elected to adopt the standards of GASB #34 early relative to the preparation of
their financial statements. The city has identified the non-major funds within its fund types. In its
financial report, Sample City:
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c. May include combining financial statements for non-major funds for each fund type in the
supplementary information.
d. Must include combining financial statement disclosures for non-major funds for each fund type in
the notes to the financial statements.
137. Which of the following funds would be reported as a fiduciary fund in Pine City's financial
statements?
138. A government entity is required to include a statement of cash flows in which of the
following financial statements?
139. A government makes a contribution to its pension plan in the amount of $10,000 for year 1. The
actuarially-determined annual required contribution for year 1 was $13,500. The pension plan paid
benefits of $8,200 and refunded employee contributions of $800 for year 1. What is the pension
expenditure for the general fund for year 1?
a. $8,200
b. $9,000
c. $10,000
d. $13,500
140. Which of the following is one of the three standard sections of a governmental comprehensive
annual financial report?
141. Which of the following is considered part of the required supplementary information for general
purpose external financial reporting of a local government?
142. When a purchase order is released, a commitment is made by a governmental unit to buy a
computer to be manufactured to specifications for use in property tax administration. This
commitment should be recorded in the general fund as a (an):
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