Identification of Fiduciary Funds. Following is a list of fund names and descriptions from comprehensive annual financial reports (CAFRs).

Required

Indicate which of the following are fiduciary funds. If not a fiduciary fund, identify which type of fund should be used to account for the activities and explain why that fund is most appropriate.

a. Tri-Centennial Fund. Accounts for money raised or contributed by several local area governments and other organizations. The purpose is to ensure availability of resources to celebrate the United States Tri-Centennial in 2076.

b. Perpetual Care Fund. Accounts for endowed gifts and investment earnings dedicated to perpetual care of the city's cemeteries.

c. Poudre River Public Library District Fund . Accounts for cash and investments held by the city on behalf of Poudre River Public Library District.

d. School Impact Fee Fund. The city collects school impact fees as part of the cost of building permits issued. Money must be remitted periodically to the local school district, a legally separate government that is not a component unit of the city.

e. Cultural Services and Facilities Fund. Accounts for revenues received from the Lincoln Center performing arts facility, the city museum, and General Fund subsidies used to promote cultural activities for city residents.

f . Payroll Fund. The city has established a fund in which all payroll deductions are reported.

g. Telephone Commissions Fund. The city collects commissions on pay telephones used by jail inmates. The funds are used to provide inmates such benefits as library resources and fitness equipment.

h. Block Grant Fund . The state receives federal funds for the homeless which it passes through to local not-for-profit organizations. The only responsibility the state has is to contribute an additional amount of funds (match) to the federal grant.

i. Health Benefits Fund. The county has agreed to pay a portion of the health insurance premiums for employees when they retire. Contributions for the benefit are paid into this fund.

j. Unclaimed Property Fund. The state has established a fund to account for abandoned and unclaimed property. The property is held in the fund for 10 years. If a legal claimant to the property is not found within the 10-year time period, the property reverts to the state.