Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 61

Use the information in problem (40) to prepare the 2015 fund financial statements for the governmental funds and the proprietary funds. A statement of cash flows is not required. Assume that "available" is defined as within 60 days and that all funds are major. The general fund is used for debt repayment. Assume that major funds are labeled as "Special Revenue Fund" and "Capital Projects Fund."