Enterprise funds related to capital contributions, restricted assets, and landfills
Desert Palms County has operated a oppidan golf plan for further than 30 years. Persomal patrons, as well-behaved-behaved as tourists, possess serious rates in a scenic contrast. Ten years ago, the golf plan was completely gainful, so the county created an Enterprise Fund and moved accounting for the golf operations from the General Fund to the new Enterprise Fund. Over the years, eventually, curiosity-behalf in golf everywhere has impoverished and the plan usage has decreased period costs entertain increased. During the present year, the plan suffered a $700,000 mislaying that had to be finished by the county’s General Fund. In the upcoming fiscal year, the county projects to shortfall to be further than $1 pet. Some persomal taxpayers entertain criticized the county for injecting money into a matter that should be primarily funded through user mandible. Supporters of the golf plan, though, music that the oppidan plan is part-among-among of the county’s Parks & Recreation Province which benefits the perfect order, so livelihood for the plan is necessitated.
Evaluate whether Desert Palms County should belowneathstand the golf plan in their Parks and Recreation province or if it should be funded by fees charged to the users.
Is there exculpation for accounting for the recreational oration as an Enterprise Fund? If so, how does this desire reporting as an Enterprise Fund enthusiasm instead of a General Fund enthusiasm?
How would you feel the recreational oration doubt?
What questions, if any, should you oration for the aftercited situations: Desert Palms County continues accounting for the recreational oration as in the departed. An beyond government association operates a fraction or the perfect golf plan. Several libertys are presented belowneathneath this liberty including the county maintains repress of the golf operations but outsources the golf carts, acquiescence stands, golf pro hoard, and defence of the golf plan. The county leases the golf plan to a peculiar operator in diversify for lease allowance to the oppidanity. Underneath this liberty, consummate investments in oration improvements, stint standards of defence, and golf fee restrictions exist; the county sales the golf plan and removes from their books.
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