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Problem #2 The following information was drawn from the accounts and records of Mosser Township: Locally levied gas tax restricted to street maintenance Grant from
Problem #2 The following information was drawn from the accounts and records of Mosser Township: Locally levied gas tax restricted to street maintenance Grant from state for widening and repaving Main Street Unrestricted charges for ambulance services provided by fire department Contributions from local businesses-restricted for youth recreation programs Income from Permanent Fund endowment restricted to economic development purposes Fines that are unrestricted as to use Property taxes restricted for education purposes Shared revenues from the state-restricted for education Federal grant revenues-restricted for hiring police officers Federal grant to replace water and sewer lines 1,000,000 4,000,000 250,000 75,000 120,000 31,000 720,000 1,230,000 400,000 5,000,000 Prepare a schedule computing the amounts to be reported in each of the three minimum program revenues classifications by Mosser Township
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