Whether or not to declare a fund as being major is not optional for

Question

Quizplus · Accepted Answer

The General Fund is always considered a major fund due to its primary role in financing the general operations of a government entity. Other funds, such as Capital Projects, Debt Service, and Enterprise Funds, may be declared as major or not based on specific criteria such as total assets, liabilities, revenues, or expenditures/expenditures in relation to the overall government finances.

Whether or Not to Declare a Fund as Being Major