In the answer box to the right of each of the 10 government transactions/activities below, enter the letter from the above list of interfund transactions and transfers that best describes the activity.  Use capital letters when responding.  A letter may be used once, more than once, or not at all.  If an activity is neither an interfund transaction or transfer, then enter "N/A" in the answer box for that activity.

 

The general fund purchased a general fixed asset (e.g. new furniture).  

The general fund signed a six-year capital lease to rent an office building.  

The general fund received and paid an insurance bill, part of which is an obligation of the special revenue fund.  

A capital projects fund received and paid a bill from an internal service fund for purchasing services.  

The general fund made a $150,000 permanent investment in a new enterprise fund to build and operate a city parking facility.  

The general fund moved some of the funds it collected from property tax assessments to the debt service fund, which was used to repay the city's long-term debt.  

The general fund received $3,500 from a special revenue fund, which was closing because of the expiration of its grant.  

The special revenue fund borrowed $100,000 from an enterprise fund for 3 years at 6% interest.  

The general fund sent $50,000 to establish a new internal service fund to provide a centralized motor pool for transportation services.  

The general fund borrowed $80,000 from an internal service fund for 8 months with no interest charged.  

A = Advance transaction

E = Expenditure/reimbursement transaction

L = Loan transaction

O = Operating transfer

QE = Quasi-external transaction

RC = Residual equity transfer to close a fund

RS = Residual equity transfer to start a fund