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Assume that a city government follows generally accepted accounting principles (GAAP). In which fund or funds should one look to find each of the items
Assume that a city government follows generally accepted accounting principles (GAAP). In which fund or funds should one look to find each of the items listed below? Please list the particular fund, e.g., special revenue fund, rather than the broader category, e.g., governmental funds.
l. the revenues received from a grant that is legally restricted to be used for Homeland Security purposes
- the costs associated with the capital construction of a new downtown parking garage (assume that the parking operations are financed through user charges)
- the payment of interest on general obligation bonds
- salaries for the mayors staff
- total salaries for all city employees
- the costs of the building maintenance department (assume that the building maintenance department provides janitorial and repair services to city departments on a user charge basis)
- construction costs for a new fire station
- the total of amount of grants received by the city
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