Check the fund level(s) or government-wide level where you c…

Check the fund level(s) or government-wide level where you could find this statement included in a annual comprehensive financial report (ACFR). It is possible that more than one item could be checked. The statement is “Statement of Fiduciary Net Position.”

The Sunshine City had the following pre-closing account bala…

The Sunshine City had the following pre-closing account balances in its General Fund as of September 30, 20XX. Debits and credits are not separated; each account had its “normal” balance. Among the expenditures recorded this year is an amount expended on supplies ordered at the end of the previous year. Assume that encumbrances do not lapse and that the City did not to make the journal entry(s) necessary to re-establish the encumbrance in the current year.  The account names and amounts  Account    Amount Cash $ 75,000 Estimated Revenues Control   5,900,000 Revenues Control   5,900,000 Appropriations Control   5,750,000 Estimated Other Financing Sources Control   250,000 Other Financing Uses Control-Transfers Out   375,000 Expenditures Control   5,375,000 Taxes Receivable   785,000 Fund Balance-Unassigned 6/1 of the prior year   610,000 Estimated Other Financing Uses Control   600,000 Vouchers Payable   135,000 Encumbrances Control   33,000 Budgetary Fund Balance — Reserve for Encumbrances   33,000 Other Financing Sources Control-Transfers In   135,000 Budgetary Fund Balance (debit)   (100,000) Required Items Prepare all entries necessary to close the General Fund of the City of Mitchell. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the General Fund for the City of Mitchell for the Year Ended September 30, 20XX. End with the ending fund balance. This is the GAAP operating statement. 

Meen County reported a combined fund balance of $980 million…

Meen County reported a combined fund balance of $980 million for all governmental funds, an increase of $110 million, or 12.64%, from the prior year. The increase is primarily due to the issuance of a general obligation bond. The bond agreement stipulated that the proceeds are to be used for road infrastructure refurbishments. The proceeds of the bond issue are reported as which fund balance classification?