Question

The below represent the funds, accounts, and account groups used by the municipality. For each of the municipality's funds, accounts, and account groups, select the appropriate method of accounting and reporting. An accounting and reporting method may be selected once, more than once, or not at all.

Select answers from list below:

Accounted for in a fiduciary fund; accounted for in a proprietary fund; accounted for in a quasi-endowment fund; accounted for in a self-balancing account group; accounted for in a special assessment fund; accounts for major construction activities; accounts for property tax revenues; accounts for payment of interest and principal on tax supported debt; accounts for revenues from earmarked sources to finance designated activities.

1. Enterprises fund fixed Assets ______________________________________

2. Capital Projects Funds ____________________________________________

3. General Fixed Assets____________________________________

4. Infrastructure Fixed Assets_______________________________

5. Enterprise fund cash ___________________________________

6. General fund _________________________________________

7. Agency fund cash ______________________________________

8. General long term debt__________________________________

1. Special Revenue Fund___________________________________

10. Debt Services Fund____________________________________

Answer 1

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