- Questions 1 3 Are Based On The 2020 Cafr For The Village Of Arlington Heights Major Fund Tests Are Based Upon Testing 4 1 (44 KiB) Viewed 35 times
Village of Arlington Heights for the year ended December 31, 2020.
It is on their city's budget & finance page. THIS IS NEEDED TO
HELP, THANK YOU FOR THE HELP! answer form is above.
Questions 1-3 are based on the 2020 CAFR for the Village of Arlington Heights. Major fund tests are based upon testing 4 line items from both the governmental and enterprise fund financial statements. The four line items tested are > Assets and deferred outflows of resources ► Liabilities and deferred inflows of resources Revenues > Expenditures/expenses 1. For each line item, show the total amounts that were used for the 10% and the 5% tests for the governmental funds for the Village of Arlington Heights. 2. For the line item that met both the 10% and the 5% tests for the Village's debt service fund, show the numerator, denominator, and percentage for the 10% test and the numerator, denominator, and percentage for the 5% test. 3. For the line item that met both the 10% and the 5% tests for the Village's capital projects fund, show the numerator, denominator, and percentage for the 10% test and the numerator, denominator, and percentage for the 5% test. _C) (A) Totals for all Governmental Funds (B) Totals for all Enterprise Funds 1. Total amounts (A) and (B) Total assets and deferred outflows of resources Total liabilities and deferred inflows of resources Total revenues Total expenditures /expenses 2. Debt service fund 10% test Line item description % Numerator Denominator 5% test Numerator Denominator % 3. Capital projects fund 10% test Line item description % Numerator Denominator 5% test Numerator Denominator %