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A city established a special revenue fund for federal Department of Transportation funds that are to be used for street construction, maintenance, and repair. How

A city established a special revenue fund for federal Department of Transportation funds that are to be used for street construction, maintenance, and repair. How would the fund balance for the special revenue fund be classified?

Multiple Choice

Committed.

Assigned.

Restricted.

Unassigned because this involves tax revenues that are always considered general revenues.

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