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Matching-use of funds Using the following codes, indicate which listed fund best fits each description by placing the appropriate code in the space provided. GF General Fund SRF Special Revenue Fund CPF Capital Projects Fund DSF Debt Service Fund EF Enterprise Fund ISF Internal Service Fund HINT: Only one description below applies to two funds. 1. Services are provided to the general public, and the costs of providing the services are financed by user charges. 2. Resources are accumulated to pay principal and interest on general long-term debt. 3. Salaries are paid to police officers, fire fighters, and other personnel of the operating departments. 4. Goods or services are furnished to other segments of the government on a user charge basis. 5. Specific revenue sources are dedicated to a particular purpose other than capital projects or debt service. 6. Expenditures are made by the city's streets department. 7. An "operating income" figure is computed. Check Choose... + Choose EF EF, ISF ISF CPF GF SRF GF, DSF DSF EF, GF

Matching-use of funds Using the following codes, indicate which listed fund best fits each description by placing the appropriate code in the space provided. GF General Fund SRF Special Revenue Fund CPF Capital Projects Fund DSF Debt Service Fund EF Enterprise Fund ISF Internal Service Fund HINT: Only one description below applies to two funds. 1. Services are provided to the general public, and the costs of providing the services are financed by user charges. 2. Resources are accumulated to pay principal and interest on general long-term debt. 3. Salaries are paid to police officers, fire fighters, and other personnel of the operating departments. 4. Goods or services are furnished to other segments of the government on a user charge basis. 5. Specific revenue sources are dedicated to a particular purpose other than capital projects or debt service. 6. Expenditures are made by the city's streets department. 7. An "operating income" figure is computed. Check Choose... + Choose EF EF, ISF ISF CPF GF SRF GF, DSF DSF EF, GF

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Matching-use of funds Using the following codes, indicate which listed fund best fits each description by placing the appropriate code in the space provided. GF General Fund SRF Special Revenue Fund CPF Capital Projects Fund DSF Debt Service Fund EF Enterprise Fund ISF Internal Service Fund HINT: Only one description below applies to two funds. 1. Services are provided to the general public, and the costs of providing the services are financed by user charges. 2. Resources are accumulated to pay principal and interest on general long-term debt. 3. Salaries are paid to police officers, fire fighters, and other personnel of the operating departments. 4. Goods or services are furnished to other segments of the government on a user charge basis. 5. Specific revenue sources are dedicated to a particular purpose other than capital projects or debt service. 6. Expenditures are made by the city's streets department. 7. An "operating income" figure is computed. Check Choose... + Choose EF EF, ISF ISF CPF GF SRF GF, DSF DSF EF, GF
Transcribed Image Text:Matching-use of funds Using the following codes, indicate which listed fund best fits each description by placing the appropriate code in the space provided. GF General Fund SRF Special Revenue Fund CPF Capital Projects Fund DSF Debt Service Fund EF Enterprise Fund ISF Internal Service Fund HINT: Only one description below applies to two funds. 1. Services are provided to the general public, and the costs of providing the services are financed by user charges. 2. Resources are accumulated to pay principal and interest on general long-term debt. 3. Salaries are paid to police officers, fire fighters, and other personnel of the operating departments. 4. Goods or services are furnished to other segments of the government on a user charge basis. 5. Specific revenue sources are dedicated to a particular purpose other than capital projects or debt service. 6. Expenditures are made by the city's streets department. 7. An "operating income" figure is computed. Check Choose... + Choose EF EF, ISF ISF CPF GF SRF GF, DSF DSF EF, GF
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