1) City A has decided to open a water park. The water park will be open to the public and will be fee based. What fund will City A use?

A) Internal Service Fund

B) Enterprise Fund

C)Debt Service Fund

D) Capital Fund 2) Assuming the same facts in Question 1, City A bought some land to build the water park but will not expect payment from the water park. What is the transfer?

A) Non-Reciprocal Transfer

B) Reciprocal Transfer

C) Equitable Transfer Not a transfer but a loan. 3) County A is having cash difficulties and maintaining their required interest paid on their bond issue. They have decided to borrow the money from the deferred tax payments from the subsequent years tax levies. What is the violation?

A) Equity Transfer

B) Reciprocal Transfer

C) Inter-Period Equity

D) Non-Reciprocal Transfer 4) School District and has received a federal grant for early childhood development. The grant provisions indicate an audit to be done every year. The grant stipulates that there needs to be an assessment of applicable laws. What is the audit and what are the standards and scope of the audit?

A) Single Audit and Yellow Book

B) Performance Audit and Yellow Book

C) Compliance Audit and Yellow Book

D) Performance Audit and Green Book.