Financial Management Homework Assignment #12 Dennis City 1. Dennis City is a local government with a general fund, debt service fund, capital projects fund, IT fund, and sewer fund. The general fund, debt service fund, and capital projects funds are governmental funds, while the IT fund and sewer fund are proprietary funds. Show the impact of each transaction on the appropriate fund(s). a) The general fund is required to transfer $85,000 to the debt service fund, but only transferred $75,000. b) The general fund borrowed $36,000 from the capital projects fund. c) The sewer fund earned and received $124,000 in user charges. d) The sewer fund purchased and paid for $48,500 in services from the IT fund. e) The general fund repaid $11,000 of its debt to the capital projects fund. f) The general fund purchased $15,000 in services from the IT fund, but has only paid $10,000.