Select from the option list provided the item that best indicates the part of Shar's
governmental fund statement of revenues, expenditures, and changes in fund balances
affected by each transaction or activity in the general fund below. Each choice may be used
once, more than once, or not at all.
Transaction / Activity
1. Shar applied for and received a state grant. Eligibility requirements have
been met.
Effect on the
statement
Not affected
2. The general fund paid pension fund contributions that were
reimbursed by the internal service fund.
3. The general fund paid $60,000 for electricity supplied by Shar's electric
utility enterprise fund.
4. General fund resources were used to subsidize Shar's swimming pool
enterprise fund.
5. General fund resources totaling $90,000 were lent to an internal service
fund. Full repayment is expected within a reasonable time.
6. A motor pool internal service fund received $80,000 from the general
fund. This amount will not be repaid unless the motor pool is disbanded.
7. General fund resources were used to pay amounts due on an operating
lease.