Following Are Some of the County's Governmental Funds

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The Answer is General Fund Special Debt Service Total of all Total of all
Revenue Fund Fund Governmental Governmental &
Funds Enterprise Funds
Assets 12,000,000 1,000,000 500,000 15,000,000 21,000,000
Liabilities 3,000,000 250,000 30,000 4,580,000 5,890,000
Revenues 10,000,000 600,000 1,450,000 13,770,000 17,123,000
Expenditures/
Expenses 9,859,000 725,000 1,300,000 13,460,000 16,665,000
Debt Service Fund - The size criteria states that a fund must be at least 10% of the total of all governmental funds for at least one of the elements (assets,liabilities,revenues,expenditures/expenses),and it must be at least 5% of the total of all governmental funds and enterprise funds for the same element. The debt service fund meets the size criteria for revenues since 10% of the total of all governmental funds is $1,377,000 and 5% of the total of all governmental and enterprise funds is $856,150,both of which the debt service fund exceeds.(The thresholds for the other three elements are: assets-10% is $1,500,000,5% is $1,050,000; liabilities-10% is $458,000,5% is $294,500; expenditures/expenses-10% is $1,346,000,5% is $833,250.)
General Fund - the General Fund is always classified as a major fund and it meets the size criteria for all of the elements.

Following Are Some of the County's Governmental Funds

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