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Problem #1 $ Clemens Country had the following revenue sources in 20x5: General property taxes Restricted (for education) property taxes Meals tax (restricted for economic
Problem #1 $ Clemens Country had the following revenue sources in 20x5: General property taxes Restricted (for education) property taxes Meals tax (restricted for economic development and tourism Fines and forfeits Federal grant restricted for police protection Federal grant restricted for specific general government construction projects for specific functions Unrestricted investment income 8,000,000 570,000 200,000 82,000 132,000 600,000 75,000 Prepare a schedule computing the amount of general revenues and of program revenues that Clemens County should report in its government-wide Statement of Activities for the 20x5 fiscal year
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