To compute the debt service to total expenditures, one would need to look in the CAFR for the:
A) Government-wide Statement of Net Position.
B) Proprietary funds Statement of Revenues, Expenses, and Changes in Fund Net Position.
C) Governmental fund-basis statements.
D) Enterprise fund Statement of Cash Flows.

Question

Quizplus · Accepted Answer

The formula is total principal and interest expenditures/total expenditures: general and debt service fund. This information is found in the governmental fund-basis statements.

To Compute the Debt Service to Total Expenditures, One Would