The following fund types are used by Callaway County:
-General Fund (GF)
-Special Revenue Fund (SRF)
-Capital Projects Fund (CPF)
-Debt Service Fund (DSF)
-Permanent Fund (PF)
-Enterprise Fund (EF)
-Private Purpose Trust Fund (PPTF)
-Investment Trust Fund (ITF)
-Custodial Fund (CF)
Required
For each of the transactions bellow, indicate the county fund(s) affected. Be sure to include all funds that report the transaction. Use the abbreviations listed above.
-The sales tax rate for Callaway County is 8.75%. Of that amount, 4% represents the state tax rate. Callaway County remits the state tax portion of its sales tax collections to the state.
A) General Fund (GF)
B) Special Revenue Fund (SRF)
C) Capital Projects Fund (CPF)
D) Debt Service Fund (DSF)
E) Permanent Fund (PF)
F) Enterprise Fund (EF)
G) Private Purpose Trust Fund (PPTF)
H) Investment Trust Fund (ITF)
I) Custodial Fund (CF)
Correct Answer:
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