Many cities in Texas operate municipal golf courses such as the one in Houston operated by the Houston Parks and Recreation Department. In recent years,

Many cities in Texas operate municipal golf courses such as the one in Houston operated by the Houston Parks and Recreation Department. In recent years, tourism and the popularity of golf have fallen

Many cities in Texas operate municipal golf courses such as the one in Houston operated by the Houston Parks and Recreation Department.  In recent years, tourism and the popularity of golf have fallen off, leading the golf courses to operate at a loss, often up to $1 million per year.  Supporters of the golf courses note that the municipal courses are part of the cities’ Parks and Recreation departments which benefit the entire community, while others have criticized the local governments for injecting money into a business that should be funded primarily through user charges. 

  1. What are the accounting implications of operating the golf courses as part of the General Fund rather than an enterprise fund?
  2. What are some other options you would suggest for the cities and what questions would be associated with the alternatives that you provide?

2 sources please 

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Your anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour

Your anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour anYour

Summative assessment There will be one summative assessment which involves a comprehensive analysis of the financial and non-financial performance of an

Summative assessment There will be one summative assessment which involves a comprehensive analysis of the financial and non-financial performance of an international organization (of your choice) and its closest competitor. You are required to select an international organization (company A), identify its closest competitor (company B), and analyse their financial

Financial Statement Fraud Exercise #1 In your Fraud Examination Casebook with Documents textbook, read Case 1: Fraudulent Financial Statements (pp.

Financial Statement Fraud Exercise #1 In your Fraud Examination Casebook with Documents textbook, read Case 1: Fraudulent Financial Statements (pp. 5-19). Perform Exercise 1 – Fraudulent Financial Statements (Larsen Convenience Store), Items 1-5 inclusive, on pages 19-20 of the Casebook text. Submit your completed Excel file (Financial Statement Fraud Exercise #1 Template) as part of

Financial Statement Fraud Exercise #1 In your Fraud Examination Casebook with Documents textbook, read Case 1: Fraudulent Financial Statements (pp.

Financial Statement Fraud Exercise #1 In your Fraud Examination Casebook with Documents textbook, read Case 1: Fraudulent Financial Statements (pp. 5-19). Perform Exercise 1 – Fraudulent Financial Statements (Larsen Convenience Store), Items 1-5 inclusive, on pages 19-20 of the Casebook text. Submit your completed Excel file (Financial Statement Fraud Exercise #1 Template) as part of

The following cost data relate to the manufacturing activities of ABC Company during the just completed year: Manufacturing overhead costs incurred:

The following cost data relate to the manufacturing activities of ABC Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials$16,900Indirect labor 149 The following cost data relate to the manufacturing activities of ABC Company during the just completed year:      Manufacturing overhead costs incurred:  Indirect materials$16,900Indirect labor 149,000Property taxes, factory 9,900Utilities,