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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?
- $150,000
- $100,000
- $20,000
- $70,000
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