Interfund transfers from the General Fund to the capital projects fund to provide partial financing of a capital project would be reported by the capital projects fund as a(an)

Question

Quizplus · Accepted Answer

Intergovernmental transfers from one fund to another are categorized as “other financing sources” since they are a source of funds for the receiving fund, not revenue. Therefore, the capital projects fund will report the interfund transfer as an “other financing source.”

Interfund Transfers from the General Fund to the Capital Projects