The following information is available about Gothams City government funds. Required: Using the information about the government's
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Required:
Using the information about the government's funds, determine which funds qualify as "major" funds using percentage cutoffs and would be required to be included in the governmental fund financialstatements.
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Governmental Funds Assets Liabilities Revenues Espendanu nditures 1 General Fund 2 HUD Programs 3 Community Development 4 Route 7 Construction 5 Impact Fees 6 Local Gas Tax 7 Historic District 8 Central City Development 9 Community Redevelopment 9,408 7,504 13,616 10,478 371 2,139 194 1,618 2,365 7,753 6,428 440 1,115 61 170 4 151 86,022 2,731 549 273 35 1,436 60 4,783 88,717 2,954 2,664 11,298 755 2,971 47 6,804 1,872 1,974 1,270 1,471 10 Culvert Project 11 Bridge 12 Cemetery Fund 2,602 686 551.70016,807,412 $121326 97,477 Proprietary Funds 13 Water and Sewer 14 Parking Facilities 12,149 372 12,521 4,679 672 5,351 $11,329 1,344 12,673 6,907 1,582 8,489 Totals, All Funds 22,159 564221 $ 50$129,815 110,150
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Assets of of Liabilities Revenues Expenditures Government fund Gov Total 1 General Fund 9408 18 15 7...View the full answer
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