Questions are based on the 2020 CAFR for the Village of Arlington Heights. Major fund tests...

 

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Questions are based on the 2020 CAFR for the Village of Arlington Heights. Major fund tests are based upon testing 4 line items from both the governmental and enterprise fund financial statements. The four line items tested are Assets and deferred outflows of resources Liabilities and deferred inflows of resources Revenues > Expenditures/expenses 1. For each line item, show the total amounts that were used for the 10% and the 5% tests forghe governmental funds for the Village of Arlington Heights. Answer Form: (A) (B) (C) Totals for all Totals for all Enterprise Funds 1. Governmental Total amounts Funds (A) and (B) Total assets and deferred outflows of resources Total liabilities and deferred inflows of resources Total revenues Total expenditures /expenses Questions are based on the 2020 CAFR for the Village of Arlington Heights. Major fund tests are based upon testing 4 line items from both the governmental and enterprise fund financial statements. The four line items tested are Assets and deferred outflows of resources Liabilities and deferred inflows of resources Revenues > Expenditures/expenses 1. For each line item, show the total amounts that were used for the 10% and the 5% tests forghe governmental funds for the Village of Arlington Heights. Answer Form: (A) (B) (C) Totals for all Totals for all Enterprise Funds 1. Governmental Total amounts Funds (A) and (B) Total assets and deferred outflows of resources Total liabilities and deferred inflows of resources Total revenues Total expenditures /expenses

Answer rating: 100% (QA)

Total of all government funds A in millions Total of all enterprise funds ... View the full answer