Governmental and Nonprofit Accounting
Quiz 3 :
Budgeting, Budgetary Accounting, and Budgetary Reporting
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Q23 Q23 Q23
Which of the following budgetary entries would the township of Brussels make upon adoption of its General Fund budget for the year? Assume the following: Estimated Revenues $10,365,000 Appropriations 10,500,000 Estimated Other Financing Sources (OFS) 200,000 Estimated Other Financing Uses (OFU) 15,000
Q35 Q35 Q35
The following information pertains to the Richardson County General Fund: Appropriations $10,000,000 Estimated Revenues 12,000,000 Expenditures 12,800,000 Revenues 9,200,000 Long-term note issue proceeds 1,000,000 Short-term note principal retirements 250,000 Operating transfers to other funds 75,000 The change in Richardson County's General Fund fund balance for the year is a