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What fund would a township report depreciation a. General fund b. Special Revenue c. Capital Projects d.Internal Service?
general fund
Who are the people who invest a fund's assets?
The Fund Manager is the person who invests the funds Assets Investors invest in the Fund to create the Assets that will be invested by the Fund Manager
Can a capital project fund finance a general fund?
No, as virtually all capital funds have restrictions on their applicability, which is usually for capital projects/assets which are often balance sheet items whereas, a general fund is usually for operations.
What accounting problems arise if an internal service fund is operating at a loss?
If the internal service fund has positive operating income, expenditures reported in the general fund exceed the true cost of operating the government. If it is negative, the general fund understates the true cost of operating the government and net assets are effectively shifted from the internal service fund to the fund balance of the general fund.
What accounting problem arises if an Internal service fund is operated at a significant loss?
If the internal service fund has positive operating income, expenditures reported in the general fund exceed the true cost of operating the government. If it is negative, the general fund understates the true cost of operating the government and net assets are effectively shifted from the internal service fund to the fund balance of the general fund.
How should governments report fiduciary fund balance and income in government-wide statements?
Governments should report fiduciary fund balance in government-wide statements as assets and liabilities held in trust for a specific beneficiary relationship. Fiduciary fund income should be reported as revenue generated from the fiduciary activities.
Did mutual fund assets grow in 1996?
Mutual fund assets continued to increase rapidly in 1996
What is fiduciary fund?
A fiduciary fund is used to account for funds or assets that are held in trust by the government. These funds or assets are held for individuals or other entities.
What happens to mutual fund nav when large amount of units are purchased?
The net assets don't change automatically as the money that comes in through units purchased is really a liability for the fund.
What is the contact phone number for the Capital Appreciation Fund company?
Capital Appreciation Fund is a mutual fund that increases the value of assets through growth stocks. The higher the investment with growth stocks, the greater the risk. There is no information about a company named Capital Appreciation Fund.
Why does an agency fund not have revenue and expenses?
Agency funds are purely custodial in nature which is why the fund wouldn't have revenue or expenses. The fund balance sheets show only assets (such as cash and investment) and liabilities (which is the amounts owned to the beneficiaries). Assets always equal liabilities which is why there are no net assets
What is a full service city?
A city that provides locally controlled police, fire and public works services through their general fund budget. Some cities also have sewer districts fund through an enterprise fund.
