Question
Indicate the fund, if any in which the government would account for the resources described. If fiduciary, rather than a governmental fund, indicate the type
Indicate the fund, if any in which the government would account for the resources described. If fiduciary, rather than a governmental fund, indicate the type of fund, briefly justify the response.
A county maintains an investment pool to which towns within its jurisdiction can deposit their cash reserves. Investment pool policies specify that it can invest only a securities that have short-term maturities and satisfy other criteria that make them highly liquid. The pool is considered a trust and the assets are thereby protected from the claims of the government's creditors.
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