Government Accounting Permanent Fund Bond Refunding

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Option #1: A Government Accounting for Permanent Fund and Bond Refunding

Instructions:

Provide complete answers to the following:

  1. What is the difference between Permanent Funds and Private Purpose Trust Funds?
  2. The General Fund is always considered to be a major fund. When are other governmental funds considered major?
  3. What is a bond refunding and why do governments refund bonds?
  4. What is the difference between a current refunding and advance refunding?

In your analysis, include the following:

  • An introduction
  • Requirements 1 – 4
  • Conclusion.

Paper Requirements:

Review the grading rubric, which can be accessed in the Module 3 folder. Reach out to your instructor if you have any questions about the assignment.

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