To compute the Financial Position-General Fund ratio, one would need to look in the CAFR for the:
A) Governmental funds Balance Sheet.
B) Governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances.
C) Both A and B above.
D) Neither A nor B above.

Question

Quizplus · Accepted Answer

The formula is: unassigned fund balance/total expenditures + other financing uses. This information is found in the General Fund fund-basis statements; the governmental funds Balance Sheet and governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances.

To Compute the Financial Position-General Fund Ratio, One Would Need