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1. Explain the nature and requirements of permanent funds. Why are some donations classified as permanent funds and some classified as private purpose funds? 2.

1. Explain the nature and requirements of permanent funds. Why are some donations classified as permanent funds and some classified as private purpose funds?

2. Give examples of permanent fund. What characteristics classify them as permanent funds?

3. Give examples of state CAFR that report permanent funds. What categories do the states report as permanent funds?

4. What is the difference between an enterprise fund and a permanent fund?

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