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B. Long-term l C. Transfers D. Interfund services provided and used E. Reimbursements F. Short-term loans G. Other transactions between funds that do not meet the criteria B to F Identify the type of transaction that best fits each of the following events: A government-owned and operated electric utility billed its industrial and commercial users $2,000,000 for electric usage. S150,000 for electric usage. The entire bill was sent to the General Fund. construction on a project to begin before related bonds were to be issued. The amount is 2. The same government-owned and operated electric utility billed the local government 3. Some General Fund money was advanced to a Capital Projects Fund to allow 4. A vehicle used by the Parks and Recreation Activity, which is accounted for in the 5. Property taxes were levied by the General Fund on the property owners of the City o be repaid in 6 months. General Fund, was reassigned to the Golf course, which is accounted for in an Enterprise Fund. 6. The annual payment from the General Fund to a Debt Service Fund for the annual long- term debt principal and interest payment on some serial bonds issued five years earlier by the General Fund. 7. An invoice that should have been paid by Special Revenue Fund #1 was erroneously paid by Special Revenue Fund #2. Money was paid by SRF #1 to SRF #2 to correct the error. Computer support for government functions is provided centrally by an Automated Data Processing Internal Service Fund which bills each department monthly based on CPU time. The bill for November was sent to the General Fund for payment. Special Revenue Fund cash was contributed to establish an Enterprise Fund. 8. 9. 10. A payment from an Enterprise Fund to the General Fund for utilities paid for with General Fund cash and recorded as expenditures in the General Fund in the current year (See entry 2)

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