QUESTION 43 Using this Template Write yes or no in each box

QUESTION 43 Using this Template. Write yes or no in each box to indicate whether each property applies to the following funds: Fund Name General Fund Special Revenue Capital Projects Debt Service Permanent Attach File Browse My Computer Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Solution

Answer:

Fund name

Modified
Accrual Basis

Financial Resource
Focus

Record
budget

Use
Encumbrances

Indefinite
Life

General Fund

Yes

Yes

Yes

Yes

Yes

Special Revenue

Yes

Yes

Yes

Yes

No

Capital Projects

Yes

Yes

No

Yes

No

Debt service

Yes

Yes

No

No

No

Permanent

Yes

Yes

No

No

No

Fund name	Modified Accrual Basis	Financial Resource Focus	Record budget	Use Encumbrances	Indefinite Life
General Fund	Yes	Yes	Yes	Yes	Yes
Special Revenue	Yes	Yes	Yes	Yes	No
Capital Projects	Yes	Yes	No	Yes	No
Debt service	Yes	Yes	No	No	No
Permanent	Yes	Yes	No	No	No