Current Fund 1 and 2

Question 1

Appropriation Reserves

Operations

Answer 1

To lapse unspent prior year appropriation reserves.

Question 2

To lapse unspent prior year appropriation reserves.

Answer 2

Appropriation Reserves

Operations

Question 3

Revenues

Operations

Answer 3

To close revenue accounts to operations.

Question 4

To close revenue accounts to operations.

Answer 4

Revenues

Operations

Question 5

Operations

Fund Balance

Answer 5

To close operations to fund balance.

Question 6

To close operations to fund balance.

Answer 6

Operations

Fund Balance

Question 7

Current Year Appropriations

Appropriation Reserves

Answer 7

To set up year end appropriations.

Question 8

To set up year end appropriations.

Answer 8

Current Year Appropriations

Appropriation Reserves

Question 9

Reserve for Prior Year Taxes Receivable

Receipts for Delinquent Taxes

Answer 9

To realize delinquent tax revenue.

Question 10

To realize delinquent tax revenue.

Answer 10

Reserve for Prior Year Taxes Receivable

Receipts for Delinquent Taxes

Question 11

Tax Over-payments

Prior Year Taxes Receivable

Answer 11

To apply over-payments per resolution.

Question 12

To apply over-payments per resolution.

Answer 12

Tax Over-payments

Prior Year Taxes Receivable

Question 13

Reserve for Prior Year Taxes Receivable
Reserve for Tax Title Liens
Receipts from Delinquent Taxes

Answer 13

To realize delinquent tax revenue.

Question 14

To realize delinquent tax revenue.

Answer 14

Reserve for Prior Year Taxes Receivable
Reserve for Tax Title Liens
Receipts from Delinquent Taxes

Question 15

Grant Appropriation

Due to/from Grant Fund

Answer 15

To charge off grant in the current fund and transfer to grant fund.

Question 16

To charge off grant in the current fund and transfer to grant fund.

Answer 16

Grant Appropriation

Due to/from Grant Fund

Question 17

Due to/from Current Fund

Grant Appropriated Reserve

Answer 17

To setup appropriated reserve for grant charged off in current fund.

Question 18

To setup appropriated reserve for grant charged off in current fund.

Answer 18

Due to/from Current Fund

Grant Appropriated Reserve

Question 19

Due to/from Grant Fund

Grant Revenue Anticipated

Answer 19

To realize the grant in the current fund and transfer receivable to Grant Fund.

Question 20

To realize the grant in the current fund and transfer receivable to Grant Fund.

Answer 20

Due to/from Grant Fund
Grant Revenue Anticipated
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Question 21

Grant Receivable

Due to/from Current Fund

Answer 21

To setup receivable for grant realized in current fund.

Question 22

To setup receivable for grant realized in current fund.

Answer 22

Grant Receivable

Due to/from Current Fund

Question 23

Reserve for Prior Year Taxes (1)
Reserve for Prior Year Taxes (2)
Receipts from Delinquent Taxes

Answer 23

To realize delinquent tax revenue and adjust reserves.

Question 24

To realize delinquent tax revenue and adjust reserves.

Answer 24

Reserve for Prior Year Taxes (1)
Reserve for Prior Year Taxes (2)
Receipts from Delinquent Taxes

Question 25

Grant- Revenue | Grant- Appropriation

Answer 25

To record Chapter 159 budget amendment.

Question 26

To record Chapter 159 budget amendment.

Answer 26

Grant- Revenue | Grant- Appropriation

Question 27

Grant- Unappropriated | Grant- Receivable

Answer 27

To apply unappropriated reserve against grant receivable.

Question 28

To apply unappropriated reserve against grant receivable.

Answer 28

Grant- Unappropriated | Grant- Receivable

Question 29

Budget Operations | Reserve due to/from Grant Fund

Answer 29

To record interfund advanced to grant fund.

Question 30

To record interfund advanced to grant fund.

Answer 30

Budget Operations | Reserve due to/from Grant Fund

Question 31

Deferred Charge- Cash Deficit | Operations

Answer 31

To close budget operations to fund balance.

Question 32

To close budget operations to fund balance.

Answer 32

Deferred Charge- Cash Deficit | Operations

Question 33

Reserve for Uncollected Taxes | Amount to be Raised by Taxation

Answer 33

To charge off reserve for uncollected taxes.

Question 34

To charge off reserve for uncollected taxes.

Answer 34

Reserve for Uncollected Taxes | Amount to be Raised by Taxation

Question 35

Current Year Taxes Receivable | Reserve for Current Year Taxes Receivable

Answer 35

To setup current year tax levy.

Question 36

To setup current year tax levy.

Answer 36

Current Year Taxes Receivable | Reserve for Current Year Taxes Receivable

Question 37

Amount to be Raised by Taxation County Taxes Payable Local School Taxes Payable

Answer 37

To setup county and school taxes levy.

Question 38

To setup county and school taxes levy.

Answer 38

Amount to be Raised by Taxation County Taxes Payable Local School Taxes Payable

Question 39

Prepaid Taxes | Current Year Taxes Receivable

Answer 39

To apply prepaid taxes to current year taxes receivable.

Question 40

To apply prepaid taxes to current year taxes receivable.

Answer 40

Prepaid Taxes | Current Year Taxes Receivable

Question 41

Reserve for Current Year Taxes Receivable | Amount to be Raised by Taxation

Answer 41

To realize current year tax revenue.

Question 42

To realize current year tax revenue.

Answer 42

Reserve for Current Year Taxes Receivable | Amount to be Raised by Taxation

Question 43

Reserve for Prior Year Taxes Receivable | Receipts from Delinquent Taxes

Answer 43

To realize prior tax revenue.

Question 44

To realize prior tax revenue.

Answer 44

Reserve for Prior Year Taxes Receivable | Receipts from Delinquent Taxes