Section A provides a list of the results of Allentowns analysis of its governmental fund balances at its fiscal year end. Section B provides a list of the possible classifications for reporting the items listed in Section A. Required Using the choices provided in Section B, choose the classification of reporting that would most likely be used in the situations given in Section A.

Section B Section A 1. At year-end a special revenue fund has a $50,000 fund balance on which there are no constraints. 2Allentown has a $1,000,000 emergency reserve fund it set aside. According to the town ordinance, funds can only be used from this fund with approval of two-thirds of the governing body, which is the town council. 3. Allentown determined that the General Fund has $22,000 in inventory it should report on its fund financial statements. lentown issued bonds that sold at a premium. Using the authority allowed her by the town council, the city manager made the decision to set aside the $100,000 premium to pay the principal on the debt when it comes due in a future period. he federal government has provided a grant for emergency housing assistance that can only be used for low-income families. Allentown determined $250,000 of the grant funds remained at year-end. 6. Allentown had a balance in its prepaid insurance account of $464,000 at the end of the fiscal year. the end of the reporting period, Allentown's General Fund statement of revenues, expenditures, and changes in fund balances reported a net change in fund balances of $154,238. 8. Allentown's mayor indicated that he was setting aside $25,000 of funds for the future purchase of land for a town park. The Allentown council passed an ordinance requiring that 5% ofthe-town's sales tax revenue be set asidefor-economie evelopment, this year that amount was $24,650. 10. The capital projects fund ended the reporting period with a negative fund balance