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How do think encumbrances outstanding at year-end treated

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Account/Govt/Non-Profit Entities

Problem 1. How do you think encumbrances outstanding at year-end treated if they will be honored in the upcoming year, i.e., when preparing the statement or schedule of revenues, expenditures, and changes in fund balances on a budgetary basis?

Problem 2. Why do you think differences exist between the amount of property tax revenues recorded for the current year by governmental funds and the amount of property tax revenues recorded for the current year for governmental activities in a given year?

Reference no: EM132814702

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