1. Developed by Susan M. Moncada, Ph.D., CPA Indiana State University April 2012 1

2. Purpose & Objectives For each activity described, identify the specific governmental, proprietary, or fiduciary fund that would account for it. 2 Governmental Funds General Special Revenue Capital Project Debt Service Permanent Proprietary Funds Enterprise Internal Service Fiduciary Funds Pension Trust Investment Trust Private Purpose Trust Agency Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

3. Playing Instructions: 3 1. Once the game board is displayed, only click on the following shapes: Display a game question or with character’s response Display the X marker Display the O marker Return to the game board ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Clicking on other areas will cause the game to malfunction. AgreeDisagree

4. Playing Instructions: 4 1. Click on a question 2. Click either agree or disagree with the character’s response. A correct response earns the square. 3. Click on the to display the “X” marker. 4. Click on the to display the “O” marker. 5. First team to earn 3 markers in a row wins. Note: Once the “O” is displayed the “X” cannot be displayed. ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 AgreeDisagree

5. Game Slide 5 XX X XXX XX X OO OOO OO O O ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

6. Feedback Response All Agrees 6 Congratulations, you’ve won the square! ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

7. Madison Agree is Incorrect Feedback 7 President Madison’s answer is Incorrect, the Correct Answer is: Enterprise Fund Congratulations, you’ve won the square! ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

8. Madison Agree is correct. 8 Sorry, President Madison’s answer is Correct ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

9. Madison Agree is Incorrect Feedback 9 Sorry, President Madison’s answer is incorrect. The correct answer is: Enterprise Fund ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

10. Madison Question 1 10 Which fund accounts for the revenues generated by a state operated toll road? AgreeDisagree A Special Revenue Fund ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

11. Madison Question 2 11 What fund would account for paying the Mayor’s salary? DisagreeAgree General Fund ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

12. Madison Question 3 12 Which fund would account for paying for materials to renovate city hall? DisagreeAgree Capital Project Fund ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

13. Lincoln Agree is correct. 13 Sorry, President Lincoln’s answer is Correct ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

14. Feedback Response – Lincoln Disagree 14 President Lincoln’s answer is incorrect. The correct answer is…. Investment Trust ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

15. Lincoln Question 3 Incorrect Feedback 15 President Lincoln’s answer is incorrect. The correct answer is: Investment Trust Congratulations, you’ve won the square! ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

16. Lincoln Question 1 16 Which fund would account for the payment of interest due on bonds sold to finance the renovation of the county courthouse? DisagreeAgree Debt Service Fund ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

17. Lincoln Question 2 17 Which fund would account for a city operated water utility? DisagreeAgree Enterprise Fund ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

18. Lincoln Question 3 18 AgreeDisagree Pension Trust ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Which fund would manage the buying and selling of financial instruments in order to maximize additions to the equity of a Public School System’s Retirement Fund?

19. Feedback Response – President Jefferson 1 19 President Jefferson’s answer is incorrect, the correct answer is…. Internal Service Fund ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

20. Jefferson Incorrect Feedback Q1 20 Internal Service Fund Congratulations, you’ve won the square! President Jefferson’s answer is incorrect, the Correct Answer is: ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

21. Jefferson Agree is correct. 21 Sorry, President Jefferson’s answer is Correct ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

22. President Jefferson Question 1 22 Which fund would account for the operation and charges for services City owned vehicles? AgreeDisagree Capital Project Fund ©Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

23. President Jefferson Question 2 23 DisagreeAgree Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Capital Project Fund Which fund accounts for the costs related to efforts to create a Performing Arts Center?

24. President Jefferson Question 3 24 DisagreeAgree Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Permanent Fund Which fund accounts for the non-spendable principal from contributions for maintenance of statues and monuments for the use and enjoyment of City residents?

25. President Roosevelt Agree is correct. 25 Sorry, President Roosevelt’s answer is Correct Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

26. Feedback Response – President Roosevelt 3 26 President Roosevelt’s answer is incorrect, the correct answer is…. Capital Project Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

27. President Roosevelt Incorrect Feedback Q3 27 Capital Project Fund Congratulations, you’ve won the square! President Roosevelt’s answer is incorrect, the correct answer is: Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

28. President Roosevelt Question 1 28 DisagreeAgree Agency Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Which fund would a public high school use to account for cash held for various clubs from their individual fund raising activities?

29. President Roosevelt Question 2 29 DisagreeAgree Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Pension Trust Which fund accounts for a retirement benefit plan for City police officers?

30. President Roosevelt Question 3 30 AgreeDisagree Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Special Revenue Fund Which fund accounts for the costs related to the City’s improvement program to create more open spaces and parks?

31. President Reagan’s Disagree 2 31 Sorry, President Reagan’s answer is incorrect, the correct answer is…. Enterprise Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

32. Hemione Incorrect Feedback Q2 32 Enterprise Fund Congratulations, you’ve won the square! President Reagan’s answer is incorrect, the correct answer is: Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

33. President Reagan Agree is correct. 33 Sorry, President Reagan’s answer is correct! Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

34. President Reagan Question 1 34 DisagreeAgree Internal Service Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Which fund accounts for a City labor pool of employees who are used to supplement existing City staff?

35. President Reagan Question 2 35 AgreeDisagree Special Revenue Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Which fund would account for the operation of a performing arts arena?

36. President Reagan Question 3 36 DisagreeAgree Agency Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Which fund accounts for the assets of inmates and residents in State institutions?

37. President Washington Agree is correct. 37 Sorry, President Washington’s answer is Correct Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

38. President Washington Incorrect Feedback Q2 38 Permanent Fund Congratulations, you’ve won the square! President Washington’s answer is incorrect, the correct answer is: Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

39. President Washington’s Disagree 2 39 Sorry, President Washington’s answer is incorrect, the correct answer is…. Permanent Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

40. President Washington Question 1 40 DisagreeAgree Debt Service Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Which fund accounts for retiring long- term debt issued when city hall was renovated?

41. President Washington Question 2 41 AgreeDisagree Private Purpose Trust Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Which Fund accounts for an endowment or trust to support libraries and parks?

42. President Washington Question 3 42 Which fund accounts for collecting property taxes for each municipality in the county? DisagreeAgree Agency Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

43. President Bush’s Disagree 1 43 Sorry, President Bush’s answer is incorrect, the correct answer is…. Pension Trust Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

44. President Bush’s Disagree 2 44 Sorry, President Bush’s answer is incorrect, the correct answer is…. Enterprise Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

45. President Bush Incorrect Feedback Q1 45 Pension Trust Congratulations, you’ve won the square! President Bush’s answer is incorrect, the correct answer is: Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

46. President Bush Incorrect Feedback Q2 46 Enterprise Fund Congratulations, you’ve won the square! President Bush’s answer is incorrect, The correct answer is: Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

47. President Bush Agree is correct. 47 Sorry, President Bush’s answer is Correct Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

48. President Bush Question 1 48 Which fund accounts for accumulated sick leave pay? AgreeDisagree Agency Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

49. President Bush Question 2 49 Which fund accounts for the long-term debt issued by a city’s transit authority? AgreeDisagree Debt Service Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

50. President Bush Question 3 50 DisagreeAgree Enterprise Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012 Which fund accounts for a County Seaport Authority?

51. President Clinton’s Disagree 3 51 Sorry, President Clinton’s answer is incorrect, the correct answer is…. General Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

52. President Clinton’s Disagree 2 52 Sorry, President Clinton’s answer is incorrect, the correct answer is…. Internal Service Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

53. Clinton Agree is correct. 53 Sorry, President Clinton’s answer is Correct! Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

54. President Clinton Incorrect Feedback Q2 54 Internal Service Fund Congratulations, you’ve won the square! President Clinton’s answer is incorrect, the correct answer is: Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

55. President Clinton Incorrect Feedback Q3 55 General Fund Congratulations, you’ve won the square! President Clinton’s answer is incorrect, the correct answer is: Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

56. President Clinton Question 1 56 Which fund accounts for federal grants received for housing and urban development for low-income families in the city? DisagreeAgree Special Revenue Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

57. President Clinton Question 2 57 A Duplicating Fund which accounts for printing, design, and mail services used by city departments and agencies is what type of fund? AgreeDisagree Special Revenue Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

58. President Clinton Question 3 58 Which fund accounts for levying property taxes? AgreeDisagree Agency Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

59. Wilson Question 1 59 Which fund accounts for property tax revenues and earnings designated exclusively for the city’s public library services? AgreeDisagree Enterprise Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

60. Wilson Question 2 60 Which fund accounts for a $2M contribution of which only the earnings can be spent to provide educational scholarships for the children of deceased firefighters? DisagreeAgree Private Purpose Trust Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

61. Wilson Question 3 61 Which fund accounts for a municipality’s typical public health and human services activities? AgreeDisagree Special Revenue Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

62. Wilson Agree is correct. 62 Sorry, President Wilson’s answer is Correct Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

63. Wilson’s Disagree 1 63 Sorry, President Wilson’s answer is incorrect, the correct answer is…. Special Revenue Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

64. Wilson’s Disagree 3 64 Sorry, President Wilson’s answer is incorrect, the correct answer is…. General Fund Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

65. Wilson Incorrect Feedback Q1 65 Special Revenue Fund Congratulations, you’ve won the square! President Wilson’s answer is incorrect, the correct answer is: Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012

66. Wilson Incorrect Feedback Q3 66 General Fund Congratulations, you’ve won the square! President Wilson’s answer is incorrect, the correct answer is: Dr. Susan M. Moncada, Ph.D., CPA - Indiana State University - 2012