ACCT GOV.+NFP ENTITIES LOOSELEAF W/CONN.
18th Edition
ISBN: 9781260949766
Author: RECK
Publisher: MCG
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Textbook Question
Chapter 11, Problem 15C
Custer County receives pass through funds from the state’s Department of Justice to assist in administering the federally funded Public Safety
Required
Utilize the Compliance Supplement link on the OMB website at http://www.whitehouse.gov/OMB/circulars to answer the following questions.
- a. What is the CFDA number for this program?
- b. Describe the program’s objectives.
- c. Review the matrix of compliance requirements within the Compliance Supplement. Which generic compliance requirements are applicable to this program?
- d. As part of the overall funding, the county received a nonhiring Community Policing Development (CPD) grant and a hiring grant for COPS in schools (CIS). Determine whether the following costs are eligible for reimbursement under the grants:
- 1. The county hosted a Fourth of July picnic, free to the public, at a cost of $75,000 to improve community relations.
- 2. An entry-level law enforcement officer was hired for the COPS in schools program at an annual salary of $145,000.
- 3. Civilian personnel were hired to develop a neighborhood watch program.
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Identification of activities with particular governmental-type funds
Using only the governmental-type funds, indicate which would be used to record each of the following transactions and events.
GF General Fund
SRF Special Revenue Fund
DSF Debt Service Fund
CPF Capital Projects Fund PF Permanent Fund
1.The city paid a contractor who had completed a report on the potential for improving police deployment as a way to reduce the crime rate.
2. The city retired some of its outstanding bonds, using money accumulated for that purpose.
3. The city received a grant from the state to build an addition to the city hall.
4. A federal grant was received to help pay for the cost of constructing the new city hall.
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The City of Larissa recently opened a solid waste landfill to serve the area's citizens and businesses. The city's accountant has gone to city officials for guidance as to whether to record the landfill within the general fund or as a separate enterprise fund. Officials have asked for guidance on how to make that decision and how the answer will impact the government's financial reporting.
Required
Write a memo to the government officials describing the factors that should influence the decision as to the fund in which to report the landfill. Describe the impact that this decision will have on the city's future comprehensive annual financial reports.
Chapter 11 Solutions
ACCT GOV.+NFP ENTITIES LOOSELEAF W/CONN.
Ch. 11 - Prob. 1QCh. 11 - Prob. 2QCh. 11 - Prob. 3QCh. 11 - Prob. 4QCh. 11 - Prob. 5QCh. 11 - Prob. 6QCh. 11 - Prob. 7QCh. 11 - Prob. 8QCh. 11 - Prob. 9QCh. 11 - Prob. 10Q
Ch. 11 - Background. Lake View Mental Health Affiliates, a...Ch. 11 - Prob. 12CCh. 11 - Prob. 14CCh. 11 - Custer County receives pass through funds from the...Ch. 11 - Prob. 16CCh. 11 - The city council members of Laurel City are...Ch. 11 - Prob. 19.1EPCh. 11 - Prob. 19.2EPCh. 11 - Prob. 19.3EPCh. 11 - Prob. 19.4EPCh. 11 - Prob. 19.5EPCh. 11 - Prob. 19.6EPCh. 11 - Prob. 19.7EPCh. 11 - Prob. 19.8EPCh. 11 - Dan Cole is the head of the countys Division of...Ch. 11 - Prob. 19.10EPCh. 11 - Prob. 19.11EPCh. 11 - Prob. 19.12EPCh. 11 - Prob. 19.13EPCh. 11 - Prob. 21EPCh. 11 - Prob. 22EPCh. 11 - Prob. 23EPCh. 11 - Prob. 24EPCh. 11 - Prob. 25EP
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