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River City is constructing a bike path and accounts for it in a Capital Projects Fund. Financing for the project came from the following sources:

River City is constructing a bike path and accounts for it in a Capital Projects Fund. Financing for the project came from the following sources:

Transfer from River Citys general fund $20,000

Proceeds from a general obligation bond issue $80,000

Grant from state government $50,000

Which of the following amounts should appear in this years governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balance for Other Financing Sources?

  1. $150,000
  2. $100,000
  3. $20,000
  4. $70,000

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