Green Finance Assingment Help With Solution
Enterprise and Pension Trust Funds
In your Discussion this week, you examined the use of internal service funds for governments. While this is one type of governmental fund, there are other types of funds available such as enterprise and pension trust funds. Enterprise funds are used by the government to provide services to the public on a user charge basis, similar to the operation of a commercial enterprise. Pension trust funds are used by employees and employers, made up of money contributed by both parties, for retirement benefits. Enterprise and pension trust funds have an important factor in common-users of the funds contribute to them financially. These funds must follow the standards from the GASB, which includes publishing current financial data in the form of statements of cash flow, statements of plan assets, and closing entry statements.
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In this week’s Application, you analyze financial data of two government organizations-Luis County and Green County-in order to create financial statements.
Part 1: Statement of Cash Flow for Enterprise Fund
Download and analyze the Luis County financial data from the perspective of internal accountant. When you have completed your review of the data, provide the following and submit your work in a single Word document (including Part 2):
Statement of Cash Flow for the Enterprise Fund for Luis County for 2010
Search the Internet to access the Comprehensive Annual Financial Report (CAFR) of an actual county that has an Enterprise Fund. Write a brief analysis (150 words) of the similarities and differences of the county’s Statement of Cash Flow for the Enterprise Fund with the one you created for this Application. Include any other matters that might come to your attention as you compare the statements.
Part 2: Financial Statements and Closing Entries for Pension Trust Funds
Download the Green County financial data and when you have completed your review, provide the following and submit your work in a single Word document (including Part 1):
Statement of Changes in Plan Assets for Green County’s Pension Trust Fund for 2010
Plan Assets for Green County’s Pension Trust Fund for 2010
Closing entries for Green County’s Pension Trust Fund for 2010
Search the Internet to access the financial data of an actual county that has Pension Trust Fund. Write a brief analysis (150 words) of the similarities and differences of the county’s financial statements and closing entries of the fund, with the one you created for this Application. Include any other matters that might come to your attention as you compare the statements.
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