Enterprise Fund for a utility operation:

The operating statement of the Enterprise Fund would not be directly affected by

a. the amount of unspent bond proceeds at the end of the year.

b. the donation by the local developer.

c. the transfer to the General Fund.

d. All of the above.

e. Items a and b only.

Transcribed Image Text:

Outstanding bonds issued for capital improvements. Transfer to General Fund (occurs annually).... Charges for services earned in the current year.. Unspent capital bond issue proceeds.... Salaries and wages expense for the current year Interest earnings on all investments... ***** ..... Fair market value of water lines donated by a local developer...... Net book value of all other existing capital assets.. $ 10,500,000 500,000 14,600,750 4,000,000 9,600,000 600,000 1,000,000 7,310,500