Professional Documents
Culture Documents
4
Accounting for Governmental
Operating ActivitiesIllustrative
Transactions
and Financial Statements
McGraw-Hill/Irwin
Learning Objectives
After studying Chapter 4, you should be able to:
4-3
Governmental Funds
Dual-track approach
Transactions have different effects on
governmental funds and governmental activities
at the government-wide level because of
different measurement focuses and bases of
accounting
Using the dual-track approach each transaction
is recorded separately in the general journals
for the governmental fund and governmental
activities
4-5
Dr.
10,972,000
388,000
Cr.
11,360,000
4-6
4-7
Encumbrance Accounting
Before a department can order materials and
supplies or equipment, the department should
verify that a sufficient unexpended appropriation
exists to cover the items being ordered
4-9
4-10
Dr.
420,000
432,000
Cr.
420,000
432,000
Dr.
78,000
220,000
134,000
Cr.
80,000
210,000
130,000
4-12
Cr.
432,000
4-13
Dr.
178,000
480,000
290,000
Cr.
86,000
49,000
813,000
4-16
Cr.
4-17
Dr.
ExpensesGeneral Government
16,523
ExpensesPublic Safety
44,557
ExpensesPublic Works
26,920
Cr.
4-18
4-19
4-20
Dr.
Cr.
500,000
5,000
495,000
4-22
Dr.
Cr.
500,000
5,000
495,000
4-23
4-24
Cr.
50,000
5,000
4-25
50
450
4-26
Dr.
500
Cr.
50
450
4-27
Dr.
Cr.
500
80
500
80
4-28
4-29
Dr.
Cash
297,000
Expenditures2014
Cr.
3,000
300,000
4-30
Cr.
300,000
4-31
4-32
4-33
In
4-36
4-37
Dr.
Cr.
8,300
8,100
8,300
8,100
4-40
Dr.
100,000
Cr.
100,000
5,000
5,000
4-41
Dr. Cr.
100,000
100,000
4-43
Dr.
100,000
Cr.
100,000
4-46
Dr.Cr.
75,000
75,000
Deferred Revenues
Revenues
75,000
75,000
Interfund Activity
Interfund loans
Loans
Interfund transfers
Nonreciprocal
Inter-activity transaction
Permanent Funds
4-52
Exchange Transactions
4-53
Nonexchange Transactions
4-56
4-57
Concluding Comments