Problem: Combining Balance Sheet
Special Capital Debt Permanent
General Revenue Projects Service (Endowment)
Fund Fund Fund Fund Fund Totals
Assets
Cash $38 $20 $35 $340 $10 $443
Investments 105 60 480 136 960 1,741
Due from Other Funds - 120 46 39 - 205
Total Assets $143 $200 $561 $143 $515 $143 $970 $2,389
Recast the balance sheet in the form of a single consolidated, full accrual balance sheet.
Why a consolidated balance sheet is not substitute for combined balance sheet that reports on major funds.