Q&A Hero

Question

For each of the following events or transactions, identify the type of fund(s) that will be affected.

1. A central purchasing department was established to handle all the purchasing needs of a county government.

2. A county government levies sales taxes restricted as to use for job creation.

3. A county government receives a large contribution specifying that income from the contribution be distributed each year to the county zoo. The principal is to remain intact indefinitely.

4. A city government paid construction costs of $12,000 on city hall building.

5. A city government paid general operating costs.