You are the managing partner of your own accounting firm. You have a new client the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You are the managing partner of your own accounting firm. You have a new client the Village of Flowerville. You note the Village is using only one fund the General Fund to account for all the City's services and activities. The Village has the following activities a. The Village administers a government employee pension fund b. The Village operates a Swimming pool that citizens are allowed to use for a fee. C. The Village holds $1,000,0000 of unclaimed property. d. The Village collects sales tax on behalf of itself and a smaller village, Field Valley. e. The Village is building a new Recreation Center. f. The Village invests idle funds on behalf of itself and Field Valley. 9. The Village manages a $5,000,000, endowment fund for the permanent maintenance of the Village Green. h. The Village is paying interest and principal on a 10-year bond. The Village runs a Data Processing Center that services all the departments of the Village. i. The Village has instituted a new gasoline surtax. The surtax is to be used to pave Flowerville Main Highway. Write a memo to Mayor, Wren Wright. Include the following points in the memo: Explain how the proper use of funds provides for governmental accountability. transparency, and budgetary control Write a memo ta Mayor, Wren Wright. Include the following points in the memo: Explain how the proper use of funds provides for governmental accountability, transparency, and budgetary control Discuss the attributes of the three categories of funds and the purpose of the individual funds within each category Describe the individual funds that should be established to account for each of the ten services outlined above. Your memo should be comprehensive, well-written, effectively structured, and professional. Your memo should be two to three pages long You are the managing partner of your own accounting firm. You have a new client the Village of Flowerville. You note the Village is using only one fund the General Fund to account for all the City's services and activities. The Village has the following activities a. The Village administers a government employee pension fund b. The Village operates a Swimming pool that citizens are allowed to use for a fee. C. The Village holds $1,000,0000 of unclaimed property. d. The Village collects sales tax on behalf of itself and a smaller village, Field Valley. e. The Village is building a new Recreation Center. f. The Village invests idle funds on behalf of itself and Field Valley. 9. The Village manages a $5,000,000, endowment fund for the permanent maintenance of the Village Green. h. The Village is paying interest and principal on a 10-year bond. The Village runs a Data Processing Center that services all the departments of the Village. i. The Village has instituted a new gasoline surtax. The surtax is to be used to pave Flowerville Main Highway. Write a memo to Mayor, Wren Wright. Include the following points in the memo: Explain how the proper use of funds provides for governmental accountability. transparency, and budgetary control Write a memo ta Mayor, Wren Wright. Include the following points in the memo: Explain how the proper use of funds provides for governmental accountability, transparency, and budgetary control Discuss the attributes of the three categories of funds and the purpose of the individual funds within each category Describe the individual funds that should be established to account for each of the ten services outlined above. Your memo should be comprehensive, well-written, effectively structured, and professional. Your memo should be two to three pages long
Expert Answer:
Answer rating: 100% (QA)
The Pacific Funds Portfolio Optimization Growth Fund provides one example This fund aggressively all... View the full answer
Related Book For
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
Posted Date:
Students also viewed these business communication questions
-
You are the managing partner of a medium-size CPA firm with several publicly traded clients. One of your partners, John DeFries, has served as lead partner for the audit engagement of Rousch...
-
The managing partner of the Scott Corey accounting firm has decided that the system must be up and running in 16 weeks. Consequently, information about crashing the project was put together and is...
-
The managing partner of the law firm Sewell, Bagan, and Clark, LLP, makes asset acquisition and disposal decisions for the firm. As managing partner, she supervises the partners in charge of the...
-
In Exercises 13 through 20, use the chain rule to compute the derivative dy/dx for the given value of x. y ==;u= u 3 - 1 for x 2
-
Do waiters or waitresses earn larger tips? To answer this question, a restaurant consultant undertook a preliminary study. The study involved measuring the percentage of the total bill left as a tip...
-
Use the following tree diagram to answer the questions in Problems 25-30. Which path number represents \(P\left(\bar{D} \mid A_{3}ight)\) ? A A2 A3 D D D D D D Path number 1 2 3 4 5 6
-
The ogive at the right represents the cumulative frequency distribution for SAT scores of college-bound students in a recent year. What score represents the 80th percentile? Percentile 100 90 80 70...
-
Imax Corporation is a large entertainment technology company, with headquarters in New York and Toronto, and theatres worldwide. Its share price, which was as high as Can.$ 13.89 on the Toronto Stock...
-
At a bowling alley, two players each score a spare when their bowling balls make head-on, approximately elastic collisions at the same speed with identical pins. After the collisions, the pin hit by...
-
Using loop ACFDEA from Figure 14.10, and the data from Table 14.6, what is the (a) Misclosure in the X component? (b) Misclosure in the Y component? (c) Misclosure in the Z component? (d) Length of...
-
Assume that we have sparse and dense graphs. We want to find Minimum Spanning Tree for these graphs. Which algorithm performs the best performance in sparse graphs and, which one is better in the...
-
Explain the Brand value for brand ( smart city infrastructure ) Efficiency , sustainable , Innovation , higher economic growth, Community engagement ? and the target market for smart city...
-
The transaction gain or loss in the consolidated financial statements is reported as a foreign currency transition adjustment. In this case, since the transaction gain or loss is negative then it...
-
need help with an assignment in my immigration law class. In your opinion, should Federal Law have sole jurisdiction over Immigration Law? Explain your reasoning.
-
America likes to think its immigration laws are tough. Using citations from the article, present how immigration laws are "modest," and not "tough," as most Americans assume. What role does NAFTA...
-
Write about an example of immigration federalism. Show how Texas is trying to assert control over its border or immigration policy. Or, write about a US immigration law or policy that is affecting...
-
4 pts List two professional industries which heavily rely on technology in the workplace. Include one example of the technology used in each profession.
-
What is a lobbyist in US? How did this term emerge?
-
The following table gives the average monthly exchange rate between the U.S. dollar and the euro for 2009. It shows that 1 euro was equivalent to 1.324 U.S. dollars in January 2009. Develop a trend...
-
Golden Age Retirement Planners specializes in providing financial advice for people planning for a comfortable retirement. The company offers seminars on the important topic of retirement planning....
-
What is the adjoint of a matrix?
-
List some BOs for this term and explain their role.
-
Identify the EBT for the word Change and give reasons for this choice.
-
Create three more patterns for change. Use three different scenarios.
Study smarter with the SolutionInn App