Why is it likely that unfunded actuarial liabilities for postemployment health beneﬁts of many governments will be greater than the correspondingly unfunded actuarial liabilities for pensions, even though the annual required contributions for pensions is greater than for health beneﬁts?
Answer to relevant QuestionsWhat is an investment pool? How are these assets of an investment pool presented in the ﬁnancial statements of the sponsoring government?The McCracken County Humane Society (MCHS), which is part of a county's reporting entity, established a permanent fund to provide support for its pet neutering program. As of the start of the year, the fund had a balance of ...On January 1, 2015, the JKG Foundation received a $10 million bequest consisting of a commercial warehouse building and $5 million of cash.The foundation immediately invested the $5 million cash in 20-year, 7 percent ...The statement at the bottom of this page (with changed dates) was prepared for the Sewer User Fee Fund of Tucson, Arizona, a fund that “accounts for sewer user fees collected by the city and remitted to Pima County.”1. ...Per GASB standards, what is the key criterion as to whether a government should be included as a component unit in the reporting entity of another government?
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