Determination of major funds Tilker Springs has five governmental funds and one enterprise fund. The following...
Determination of major funds
Tilker Springs has five governmental funds and one enterprise fund. The following table shows the total assets, liabilities, revenues, and expenditures/expenses in each of the funds. (Amounts are in thousands.)
| General Fund |
Grant Special Revenue Fund |
Community Special Revenue Fund |
Capital Projects Fund |
Debt Service Fund |
Water Enterprise Fund |
|
|---|---|---|---|---|---|---|
| Total Assets | 366,022 | 3,559 | 13,185 | 95,558 | 1,400 | 148,512 |
| Total Liabilities | 35,706 | 1,144 | 856 | 13,065 | 0 | 10,345 |
| Total Revenues | 560,698 | 13,432 | 12,282 | 16,208 | 0 | 19,228 |
| Total Expenditures | 531,110 | 14,155 | 3,441 | 90,386 | 1,600 | |
| Total Expenses | 13,921 |
Consider the above thresholds answer the following questions.
Which of the funds of Tilker Springs are major funds?
Grant Special Revenue Fund, Capital Projects and Water Enterprise Fund
General Fund, Community Special Revenue Fund, and Capital Projects Fund
Grant Special Revenue Fund, Capital Projects Fund, and Water Enterprise Fund
General Fund, capital Projects Fund and Water Enterprise Fund
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Determination of major funds
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