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Elkhart City Council will be establishing a library fund. Library fees are expected to cover 5 5 % of the library s annual resource requirements.

Elkhart City Council will be establishing a library fund. Library fees are expected to cover 55% of the librarys annual resource requirements. Elkhart has decided that an annual determination of net income is desirable in order to maintain management control and accountability over the library. What type of fund should Elkhart establish in order to meet their measurement objectives?
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