determining a major fund based on the information presented in the 1999 city of milw 614475

Determining a major fund. Based on the information presented in the 1999 city of Milwaukee, Wisconsin, financial statements in the student companion book, what mounts of which statement items should be used to determine whether a specific governmental fund is a major fund? Likewise, what minimum amounts of which statement items should be used to determine whether a specific enterprise fund is a major fund? Assume the following facts:

a. All fiduciary funds will still be fiduciary funds under GASB Statement 34 guidelines.

b. General fixed assets should be 30% depreciated at the balance sheet dates.

c. The present value of the general long-term debt equals its reported value in the statement at the balance sheet date.

d. Internal service funds primarily serve governmental activities.