Correctly Match Each Event with the Appropriate Expenditure Classification

Multiple Choice

Correctly match each event with the appropriate expenditure classification. Unless specifically stated otherwise, assume all amounts have been incurred. If the event is not an expenditure, state how the event would be reported in the current year General Fund financial statements. Each classification of expenditure may be used once, more than once, or not at all.
-Purchase of a vehicle that will be used in the Library (which is accounted for using a Special Revenue Fund) .

A) Expenditures - Operating
B) Expenditures - Intergovernmental
C) Expenditures - Capital Outlay
D) Expenditures - Debt Service Principal
E) Expenditures - Debt Service Interest
F) Not a General Fund expenditure
G) Event reduces expenditure (also identify which of above expenditures would be reduced)