Question

Here is information for a county government:

	Governmental funds	Enterprise funds
Total assets and deferred outflows	$ 45,000,000	$ 102,000,000
Total liabilities and deferred inflows	16,000,000	48,000,000
Total revenues	250,000,000	280,000,000
Total expenditures /expenses	242,000,000	160,000,000

The county has four capital projects funds, with the following characteristics:

	Road fund	Bridges fund	Buildings fund	Equipment fund
Total assets and deferred outflows	$ 8,000,000	$ 4,000,000	$ 3,500,000	$ 7,000,000
Total liabilities and deferred inflows	1,500,000	1,200,000	2,000,000	3,000,000
Total revenues	24,000,000	26,000,000	22,000,000	26,800,000
Total expenditures	28,000,000	23,000,000	20,000,000	26,000,000

Which of these capital projects funds also meet the second criterion for reporting as major funds, and therefore are reported as major funds in the governmental funds financial statements?

	A.	Bridges fund, buildings fund, and equipment fund
	B.	Road fund and equipment fund only
	C.	Road fund only
	D.	Road fund, bridges fund, and equipment fund

Answer 1