Question
21. In addition to exchange revenues, GASB standards discuss four categories of nonexchange revenues. For each of the following revenues recognized by a city indicate
21. In addition to exchange revenues, GASB standards discuss four categories of nonexchange revenues. For each of the following revenues recognized by a city indicate the category into which it best fits.
A state grant that the city must accept and use to hire air pollution inspectors
________________________
Revenue from fees charged by the police department to monitor a charity bicycle ride
_______________________
Fines for traffic violations _______________________
A federal grant to support general education services. ___________________
Investments in the states investment pool. ________________________
Hotel occupancy tax. ________________________
Local option sales tax ________________________
City library late fees ________________________
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