E10.2.Stat Book 6 Prin Qxtin2 Tremaining 1 Maked out at 2.00 Flag question Identify Appropriate Funds Fach of the following transactions relates to a city government Required Identify the funcis affertrety warh of the transactions, HINT: Answer options that include more than are fund lex: General fund, custodial funci) will each arily be used orice. Some single fund answers will be used morr than anice, 1. Resources are accumulated from general revenues and invested for the retirement ola 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 clozens. 3. New sewer lines are installed on the south side of the city, with resources initially provided by the general fund. No deb is issued. Residents of the south side pay for the cost of the project with an additional charge on their property tax bill during each of the next ten years. 4. Same as 3. except that initial financing is provided by issuing bonds. Residents pay the principal and interest on the bonds with an additional charge on their property tax bill, but the city is liable for the band payments. 5. To remedy a flooding problem the city builds a new drainage system in the northern part of the city, financed with a 6. The city establishes a retirement fund for its fire fighters, 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. 10. Received state aid funds to be used for any of the city's general operations. 11. The city cleducts federalincome 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 retum an excess funds invested. E10.2.Stat Book 6 Prin Qxtin2 Tremaining 1 Maked out at 2.00 Flag question Identify Appropriate Funds Fach of the following transactions relates to a city government Required Identify the funcis affertrety warh of the transactions, HINT: Answer options that include more than are fund lex: General fund, custodial funci) will each arily be used orice. Some single fund answers will be used morr than anice, 1. Resources are accumulated from general revenues and invested for the retirement ola 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 clozens. 3. New sewer lines are installed on the south side of the city, with resources initially provided by the general fund. No deb is issued. Residents of the south side pay for the cost of the project with an additional charge on their property tax bill during each of the next ten years. 4. Same as 3. except that initial financing is provided by issuing bonds. Residents pay the principal and interest on the bonds with an additional charge on their property tax bill, but the city is liable for the band payments. 5. To remedy a flooding problem the city builds a new drainage system in the northern part of the city, financed with a 6. The city establishes a retirement fund for its fire fighters, 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. 10. Received state aid funds to be used for any of the city's general operations. 11. The city cleducts federalincome 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 retum an excess funds invested