In the appendix to this chapter, the Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund for the City of Atlanta is reported.
1. How is the format used on the Statement of Revenues, Expenditures, and Changes in Fund Balances for the general fund different from the format on Income Statements used by for-profit organizations? Which items appear on the government fund’s statements that do not appear on Income Statements used by for-profit companies?
2. What is the largest expenditure of the General Fund on the Statement of Revenues, Expenditures, and Changes in Fund Balances?
3. What is the largest source of revenue for the General Fund on the Statement of Revenues, Expenditures, and Changes in Fund Balances?
4. Evaluate the performance of the General Fund using the Statement of Revenues, Expenditures, and Changes in Fund Balances.