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c6.2 (OPEB and Claims and Judgments reported the following liabilities, among others, York
City) The City of New York, New York, the table are stated in thousands of dollars. None of
these liabilities were due and payable at the indicated dates. The amounts that the city paid
during the 20X5-20X6 fiscal year for each of these categories are presented in the following
table. a. Calculate the amount of General Fund expenditures that the City of New York must
report for the fiscal year ended June 30,20X6, assuming that all the amounts shown relate to
General Fund departments and activities, for: 1. Judgments and claims 2. Vacation and sick leave
3. Pensions 4. OPEB b. How would your answers differ if 10% of each of the liability balances
presented in the first schedule were due and payable at the end of 20X5 and the end of 20X6,
respectively? (Adapted from a recent City of New York, New York Comprehensive Annual
Financial Report.)

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c6.2 (OPEB and Claims and Judgments reported the following liabilitie.pdf

  • 1. c6.2 (OPEB and Claims and Judgments reported the following liabilities, among others, York City) The City of New York, New York, the table are stated in thousands of dollars. None of these liabilities were due and payable at the indicated dates. The amounts that the city paid during the 20X5-20X6 fiscal year for each of these categories are presented in the following table. a. Calculate the amount of General Fund expenditures that the City of New York must report for the fiscal year ended June 30,20X6, assuming that all the amounts shown relate to General Fund departments and activities, for: 1. Judgments and claims 2. Vacation and sick leave 3. Pensions 4. OPEB b. How would your answers differ if 10% of each of the liability balances presented in the first schedule were due and payable at the end of 20X5 and the end of 20X6, respectively? (Adapted from a recent City of New York, New York Comprehensive Annual Financial Report.)