A county has a permanent fund used to account for the disaster relief activities. These activities are funded by recreational fees, legally held in trust, with income from investment of these fees required to be used for disaster relief. This arrangement as specified by the state legislature. The fun has these transactions for the current year for revenue $600,000 used to purchase financial instrument investment investment income $1 million total dispersements $980,000 consisting of payroll $800,000 in equipment $180,000 non-spendable fund balance increases by what amount for the year?

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Calculating the NonSpendable Fund Balance Increase Heres how to calculate the nonspendab... View the full answer