In order to compute the ratio unreserved fund balance/revenues-General Fund,one would look in the CAFR at the:
A) Governmental funds Balance Sheet and the Governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances.
B) Government-wide Statement of Net Assets and government-wide Statement of Activities.
C) Governmental funds Balance Sheet.
D) Governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balance.

Question

Quizplus · Accepted Answer

The ratio requires information on unreserved fund balance and revenues, which can be found in the Governmental funds Balance Sheet and the Governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances.

In Order to Compute the Ratio Unreserved Fund Balance/revenues-General Fund,one