ACC 548 Week 4 Permanent and Fiduciary Funds
Review the CAFR obtained in Week One. Review the types of fiduciary funds used by the government entity.
Prepare a new Power Point presentation for the new Board members. The presentation should be between 8 to 10 slides and include the following:
A description of the purpose, types, and characteristics of fiduciary funds.
A description of the purpose of a permanent fund and how it differs from fiduciary funds.
A list and description of the fiduciary (trusts and agency) funds that your entity actually uses, including the dollar amount of each fund.
An explanation of the purpose and components of the Comprehensive Annual Financial Report (CAFR)
Complete the following exercises from Government and Not-for-Profit Organizations:
E10-3
E10-4