Question: Using the annual financial report obtained for Exercise 11, answer the following questions: Exercise 4-1 Part b b. Review the General Fund column of the

Using the annual financial report obtained for Exercise 11, answer the following questions: Exercise 4-1 Part b b. Review the General Fund column of the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances. Prepare a schedule showing percentages of revenues by source. Prepare a schedule showing percentages of expenditures by function. Does your government have significant transfers in or out? Can you identify the fund that provides or receives these resources? Does your government have any other financing sources or uses? Special and/or extraordinary items?

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