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Capital projects fun

General Fund

General Fund, cap projects fund, custodial fund

General Fund, cap projects fund, debt service fund

General Fund, custodaial fund

General fund, debt service fund

General fund, pension trust fund

general fund, permanent fund

Internal sevice fund

Investment fund

Special revenue fund

Required Identify the fund(s) affected by each of the transactions. HINT: Answer options that include more than one fund (ex: General fund, custodial fund) will each only be used once. Some single fund answers will be used more than once. 1. Resources are accumulated from general revenues and invested for the retirement of a general bond issue maturing in ten years. 2. The city receives a grant from the federal government to institute a meal delivery program for senior citizens. 5. To remedy a flooding problem, the city builds a new drainage system in the northern part of the city, financed with a general bond issue. ghters, and sets aside 8 percent of the fire fighters' wages each year. The city administers the investment of funds and the payment of benefits. 7. Same as 6., except that the city pays a premium to an insurance company fully responsible for investment of funds and benefit payments. 8. The city set up a data services division to handle payroll and other functions for all city agencies, for a fee. 9. Fifteen new police cars are purchased, as provided in the general budget. e city's general operations. 11. The city deducts federal income taxes from its employees' wages and periodically remits them to the federal government. 12. The city receives a \\( \\$ 3,000,000 \\) trust from a citizen. Income from trust investments must be used to maintain the public museum. 13. The city invests money received from other governments that pool their investments to increase return on excess funds invested