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What is the Difference between internal service fund and enterprise fund?
Enterprise fund is a fee for service. Internal service fund is services from one department to another on a cost reimbursement basis.
What are some examples of an internal service fund?
An internal service fund is a fund used in governmental accounting to track goods or services shifted between departments on a cost reimbursement basis. An example of an internal service fund is a maintenance department that provides equipment maintenance services to other departments.
What is the purpose of a debt service reserve fund in a revenue bond issue?
A fund in which moneys are placed in reserve to be used to pay debt service if pledged revenues are insufficient to satisfy the debt service requirements. The debt service reserve fund may be entirely funded with bond proceeds at the time of issuance, may be funded over time through the accumulation of pledged revenues, or may be funded only upon the occurrence of a specified event (e.g., upon failure to comply with a covenant in the bond contract). In addition, issuers may sometimes authorize the provision of a surety bond or letter of credit to satisfy the debt service reserve fund requirement in lieu of cash. If the debt service reserve fund is used in whole or part to pay debt service, the issuer usually is required to replenish the fund from the first available revenues.
What measurement focus does a debt service fund use?
current financial resources
How can a fund release order certificate from UK financial service authority be obtained?
I need answer and salution for this procedure
What is the Difference between internal service fund and enterprise fund?
Enterprise fund is a fee for service. Internal service fund is services from one department to another on a cost reimbursement basis.
What are some examples of an internal service fund?
An internal service fund is a fund used in governmental accounting to track goods or services shifted between departments on a cost reimbursement basis. An example of an internal service fund is a maintenance department that provides equipment maintenance services to other departments.
When was Norwegian Public Service Pension Fund created?
Norwegian Public Service Pension Fund was created in 1917.
What accounting problem arises if an Internal service fund is operated at a significant loss?
If the internal service fund has positive operating income, expenditures reported in the general fund exceed the true cost of operating the government. If it is negative, the general fund understates the true cost of operating the government and net assets are effectively shifted from the internal service fund to the fund balance of the general fund.
What accounting problems arise if an internal service fund is operating at a loss?
If the internal service fund has positive operating income, expenditures reported in the general fund exceed the true cost of operating the government. If it is negative, the general fund understates the true cost of operating the government and net assets are effectively shifted from the internal service fund to the fund balance of the general fund.
What accounting problems arise if an internal service fund is operated at a significant profit?
Additional problems arise if the internal service fund has significant positive (or negative) operating income. Operating income is the excess of service revenues over the costs of providing the service (i.e., operating expenses). Consider the case of an internal service fund servicing police, fire, and other vehicles used in departments reported in the General Fund. If the internal service fund has positive operating income, the expenditures reported in the General Fund exceed the true cost of operating the government. If these amounts are significant over periods of time, some of the accumulated surplus (fund balance) of the General Fund is effectively shifted to the internal service fund (net assets).
What fund would a township report depreciation a. General fund b. Special Revenue c. Capital Projects d.Internal Service?
general fund
What is the purpose of a debt service reserve fund in a revenue bond issue?
A fund in which moneys are placed in reserve to be used to pay debt service if pledged revenues are insufficient to satisfy the debt service requirements. The debt service reserve fund may be entirely funded with bond proceeds at the time of issuance, may be funded over time through the accumulation of pledged revenues, or may be funded only upon the occurrence of a specified event (e.g., upon failure to comply with a covenant in the bond contract). In addition, issuers may sometimes authorize the provision of a surety bond or letter of credit to satisfy the debt service reserve fund requirement in lieu of cash. If the debt service reserve fund is used in whole or part to pay debt service, the issuer usually is required to replenish the fund from the first available revenues.
What is the ticker symbol for the new GE stock fund?
I checked with the GE Savings &Security Program Service Center. They told me that the new GE Stock Fund that is managed by Fidelity is an Institutional Fund, that is not publicly traded. Therefore this fund does not have a ticker symbol.
What types of business should you do establish if you have limited fund?
Transportation brokerge service
What measurement focus does a debt service fund use?
current financial resources
What is a full service city?
A city that provides locally controlled police, fire and public works services through their general fund budget. Some cities also have sewer districts fund through an enterprise fund.
