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 fiduciary funds are. 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 are of the cities cemeteries,

c. Poudre River Pubic 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 comment unit Of the City.

e. Cultural Services and Facilities 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. Bl0ck 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 within the 10-year time period, the property reverts to the state.