Debt Service Funds 10/1
Inflows/outflows used in meeting obligations for general long-term debt.
- WILL record a beginning of the year budget to reflect authorization.
- Will NOT use encumbrances we know all amounts & timing already.
- Will use modified a
Acquisitions of Assets through the use of Capital Lease 10/8
Treat capital lease situation as 2 separate events:
1. Acquisition of an asset
2. Servicing of a debt agreement
- Trying to be consistent with how we handle capital leases.
FASB 13: Is it a capi
Accounting for Capital Projects Funds 9/21
Used in the acquisition of capital assets, long-term construction
- Approval of project serves as authorization for all projects.
o Will not record a beginning of the year budget, appropriations, estimated revenu
Water Utility Fund Statement
CITY OF TEMPLETON
Water Utility Fund
Statement of Net Position
As of December 31, 2015
Current and accrued assets:
Less: Acc. Pro. For Uncollectable
Due from Gener