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Ellicott City received a $5,000,000 capital grant to be equally distributed among its three municipalities. The grant is to finance the construction to capital assets.

Ellicott City received a $5,000,000 capital grant to be equally distributed among its three municipalities. The grant is to finance the construction to capital assets. Ellicott had no administrative or direct financial involvement in the construction. In which fund should Ellicott record the receipt of cash?




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