Washington County has designated the general fund as the single fund to account for its self-insurance activities.What is the maximum amount that can be charged to expenditure in the general fund related to the self-insurance activities?
A) The amount of 'premium' charged to the other funds.
B) The amount of actual claims expenditures.
C) The actuarially-determined amount necessary to cover claims, expenditures, and catastrophic losses.
D) The amount transferred from other funds and activities to the general fund for self-insurance purposes.
Correct Answer:
Verified
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