Interfund Transactions Interfund transfers of the general fund of Timberline County for 2020 follow. Required For each of the above interfund transfers, state how the transaction is reported on the general fund's balance sheet and/or statement of revenues, expenditures, and changes in fund balan 1. $2,000,000 advance to the Park Development special revenue fund, to permit initial expenditures under a project to be fully supported by a federal grant. 2. $1,500,000 to the Timberline County Fire Protection District (a special revenue fund) as the county's contribution to fire and emergency medical service activities for the year. 3. $500,000 from the Roads capital projects fund, unspent proceeds of a bond issue. 4. $3,000,000 to the County Hospital (enterprise fund), as the city's cost of services provided. 5. $2,900,000 to the Airport Fund (enterprise fund) to temporarily finance the maintenance of runways. ÷ 6. $2,000,000 from the Park Development special revenue fund, to repay the advance. ÷ + ÷

Interfund Transactions Interfund transfers of the general fund of Timberline County for 2020 follow. Required For each of the above interfund transfers, state how the transaction is reported on the general fund's balance sheet and/or statement of revenues, expenditures, and changes in fund balan 1. $2,000,000 advance to the Park Development special revenue fund, to permit initial expenditures under a project to be fully supported by a federal grant. 2. $1,500,000 to the Timberline County Fire Protection District (a special revenue fund) as the county's contribution to fire and emergency medical service activities for the year. 3. $500,000 from the Roads capital projects fund, unspent proceeds of a bond issue. 4. $3,000,000 to the County Hospital (enterprise fund), as the city's cost of services provided. 5. $2,900,000 to the Airport Fund (enterprise fund) to temporarily finance the maintenance of runways. ÷ 6. $2,000,000 from the Park Development special revenue fund, to repay the advance. ÷ + ÷

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter1: The Need For Payroll And Personnel Records

Section: Chapter Questions

Problem 4QR

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be fully supported by a federal grant.
Balance sheet asset: Due from enterprise fund
Balance sheet asset: Due from special revenue fund
Balance sheet: reduces Due from special revenue fund
Statement of revenues, expenditures, and changes in fund balances: Expenditures
Statement of revenues, expenditures, and changes in fund balances: Transfer in (other financing sources)
Statement of revenues, expenditures, and changes in fund balances: Transfers out (other financing uses)
tion

Interfund Transactions
Interfund transfers of the general fund of Timberline County for 2020 follow.
Required
For each of the above interfund transfers, state how the transaction is reported on the general fund's balance sheet and/or statement of revenues, expenditures, and changes in fund balances
1. $2,000,000 advance to the Park Development special revenue fund, to permit initial expenditures under a project to be fully supported by a federal grant.
2. $1,500,000 to the Timberline County Fire Protection District (a special revenue fund) as the county's contribution to fire and emergency medical service activities for the year.
3. $500,000 from the Roads capital projects fund, unspent proceeds of a bond issue.
4. $3,000,000 to the County Hospital (enterprise fund), as the city's cost of services provided.
5. $2,900,000 to the Airport Fund (enterprise fund) to temporarily finance the maintenance of runways.
+
6. $2,000,000 from the Park Development special revenue fund, to repay the advance.
+
+
+
+

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