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iii
Preface
Thank you for considering the tenth edition of Essentials of Accounting for Governmen-
tal and Not -for- Profit Organizations . The tenth edition is updated for recent changes
including:
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ESSENTIALS OF ACCOUNTING FOR GOVERNMENTAL AND NOT -FOR- PROFIT
ORGANIZATIONS, TENTH EDITION
Publishe...
... and revenues from business
licenses were $137,202. Expenditures were $ 499 ,200 for general gov-
ernment, $131,345 for parks and recreation, $91 ,600 for sanitation, and
$157,333 for streets and ...
sources:
Sales taxes $ 5 ,93 0,000
Fines and forfeits 1 ,99 0,000
Licenses and permits 1,740,000
Intergovernmental revenues 385,000
Total
$10,045,000
4. During the year, c...
... balance 200,000 150,000 545 ,99 0 395 ,99 0
Fund balance, beginning 290 ,000 290 ,000 290 ,000 ———
Fund balance, ending $ 490 ,000 $440,000 $ 835 ,99 0 $ 395 ,99 0
General Parks and Total Fund
Government ...
cop2705X_Ch04_087-121.indd 99 cop2705X_Ch04_087-121.indd 99 2/1/10 4:42: 29 PM2/1/10 4:42: 29 PM
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Accounting for the General and Special Revenue Funds...
... bottom of Illustration 2–11 for an ex-
ample). A similar requirement exists for cash flow statements prepared for com-
mercial businesses and private not -for- profit organizations.
Accounting for ... Governments must assume the
cost of closure, including the cost of equipment used, the cost of the landfill cover,
and the cost of caring for the site for a perio...
... SUMMARY AND CONCLUSIONS REGARDING HEALTH
CARE ACCOUNTING AND REPORTING
Health care entities may be private, not -for- profit, governmental, or commer-
cial (for- profit). Private, not -for- profit, and ... in the Not -for- Profit Guide as illus-
trated in Chapter 10 of this text. The Health Care Guide calls these organizations
Not -for- Profit Nonbusiness-Oriented Organizati...
... preparation of financial state-
ments by state and local governments and a variety of not -for- profit organizations.
Now we will focus on the use of financial and nonfinancial information in ... a copy of Form 99 0, and others supplement this
form with additional requirements. It should be noted that not -for- profit organizations
are normally corporations created unde...
... reimbursements, 89, 91
general fund example, 99
Interfund services provided/used, 89, 91
general fund example, 98 99
Interfund transactions, 89 91
general fund example, 98 99
summary, 90
Interfund ... Position 98 -02, 321
Statement of Position 98 -03 (Auditing of States, Local
Governments, and Not -for- Profit Organizations
Receiving Federal Awards), 394
gu...
... recreation, $91 ,600 for sanitation, and
$157,333 for streets and sidewalks. There are no outstanding encum-
brances at year-end.
1. Prepare a budgetary comparison schedule for the General Fund for ...
sources:
Sales taxes $ 5 ,93 0,000
Fines and forfeits 1 ,99 0,000
Licenses and permits 1,740,000
Intergovernmental revenues 385,000
Total
$10,045,000
4. During the year, c...