Multiple Choice
Washington County has designated the general fund as the single fund to account for its self-insurance activities.What is the maximum amount that can be charged to expenditure in the general fund related to the self-insurance activities?
A) The amount of 'premium' charged to the other funds.
B) The amount of actual claims expenditures.
C) The actuarially-determined amount necessary to cover claims, expenditures, and catastrophic losses.
D) The amount transferred from other funds and activities to the general fund for self-insurance purposes.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: The FASB mandates entities report their cash
Q18: In which of the following circumstances must
Q21: A Statement of Revenues, Expenses, and Changes
Q25: When a governmental enterprise fund has restricted
Q25: The amount the City General Fund can
Q26: The amount the City Self-Insurance Fund can
Q28: Franklin County operates a solid waste landfill
Q44: Which of the following is NOT a
Q51: Over the long run, governmental internal service
Q73: GASB Statement No. 34 mandates that governments