Question

Here is information for a county government:

	Governmental funds	Enterprise funds
Total assets and deferred outflows	$ 45,000,000	$ 40,000,000
Total liabilities and deferred inflows	44,000,000	38,000,000
Total revenues	250,000,000	290,000,000
Total expenditures/expenses	242,000,000	260,000,000

The county has four special revenue funds, with the following characteristics:

	Beach preservation	Health education	Community protection	Emergency call service
Total assets and deferred outflows	$ 2,000,000	$ 4,000,000	$ 4,800,000	$ 1,900,000
Total liabilities and deferred inflows	1,000,000	3,500,000	1,800,000	1,100,000
Total revenues	20,000,000	30,000,000	30,000,000	26,000,000
Total expenditures	15,000,000	26,000,000	25,000,000	24,000,000

Which of these special revenue funds meet the first criterion for reporting as major funds in the governmental funds financial statements?

	A.	Beach preservation and health education funds
	B.	Health education fund only
	C.	Health education, community protection, and emergency call service funds
	D.	Health education and community protection funds

Answer 1

	Governmental Funds	Beach Preservation	%
Total Assets and deferred outflows	$45,000,000	$2,000,000	4.444444
Total liabilities and defereed inflows	$44,000,000	$1,000,000	2.272727
total revenues	$250,000,000	$20,000,000	8
total expenditures/expenses	$242,000,000	$15,000,000	6.198347
	Governmental Funds	Health Education	%
Total Assets and deferred outflows	$45,000,000	$4,000,000	8.888889
Total liabilities and defereed inflows	$44,000,000	$3,500,000	7.954545
total revenues	$250,000,000	$30,000,000	12
total expenditures/expenses	$242,000,000	$26,000,000	10.7438
	Governmental Funds	Community Protection	%
Total Assets and deferred outflows	$45,000,000	$4,800,000	10.66667
Total liabilities and defereed inflows	$44,000,000	$1,800,000	4.090909
total revenues	$250,000,000	$30,000,000	12
total expenditures/expenses	$242,000,000	$25,000,000	10.33058
	Governmental Funds	Emergency Call Services	%
Total Assets and deferred outflows	$45,000,000	$1,900,000	4.222222
Total liabilities and defereed inflows	$44,000,000	$1,100,000	2.5
total revenues	$250,000,000	$26,000,000	10.4
total expenditures/expenses	$242,000,000	$24,000,000	9.917355
Option C is correct
Health education , Community protection and emergency call services are meeting first criteria.