Matching Questions Involving Interfund Transactions and Transfers in the General Fund
The general fund of Mattville had several interfund activities during the fiscal year ended June 30, 20X9. These interfund activities are presented in the left-hand column of the following table. A list of the types of interfund activities that occur in state and local governmental accounting is provided on the right. For each general fund transaction/transfer, select a letter from the list on the right that best describes the interfund activity.
| General Fund |
| Type of Interfund |
| Transactions and Transfers |
| Transactions and Transfers |
1. | Received bills from an internal service fund for using | A. | Interfund loan |
| city-owned vehicles. | B. | Interfund service provided |
2. | Transferred cash to start an enterprise fund. The enterprise |
| and used |
| fund does not have to return the cash to the general fund. | C. | Interfund transfer |
3. | Received cash from a special revenue fund that was | D. | Interfund reimbursement |
| discontinued. |
|
|
4. | Transferred cash to a capital projects fund to help |
|
|
| construct a building. |
|
|
5. | Transferred cash to a debt service fund to pay interest |
|
|
| and principal of general long-term debt. |
|
|
6. | Transferred cash to the pension trust fund representing |
|
|
| the employer’s contribution toward the pension of |
|
|
| general fund employees. |
|
|
7. | Transferred resources to an enterprise fund. It is expected |
|
|
| that these resources will be repaid with interest. |
|
|
8. | Transferred cash to a special revenue fund. The special |
|
|
| revenue fund incurred and paid expenditures on behalf |
|
|
| of the general fund. |
|
|
9. | Received cash from an internal service fund. The cash |
|
|
| received represented repayment of an advance made |
|
|
| during the previous year. |
|
|
1 0. | Received bills from an enterprise fund for using public |
|
|
| parking facilities. |
|
|
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