A Debt Service Fund Received an Annual Payment from the General

question 8

Multiple Choice

A Debt Service Fund received an annual payment from the General Fund to finance upcoming debt service payments. The amount received from the General Fund should be reported in the Debt Service Fund statement of revenues, expenditures, and changes in fund balance as

• A) Other financing sources.
• B) Revenues.
• C) Proceeds from interfund loans.
• D) Special item.

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Definitions:

Scoria

A highly vesicular, dark colored volcanic rock that may or may not contain crystals, typically formed from the cooling of lava.

Tephra

Volcanic material ejected into the air during an eruption, including ash, bombs, and blocks, which can affect wide areas downwind of a volcano.

Composite Volcano

A type of volcano formed by alternating eruptions of lava and volcanic ash, leading to a layered structure.

Caldera

A large volcanic crater, typically formed by the collapse of land following a volcanic eruption.