modified accrual accounting

The City of Dover has applied for and has been awaded (eligibility meb) a tedengrant of 53,000,000 for the downtown besutification. Cash of 51,000000 has been received to date The ciby has fust signed a contract with Way-to-Go Construction for $900000 to refurbish the exterior of historic baildings in the central business districh. This project will be accounted for in the ofys genesal fund. (2 entries)