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. 6.Allentown had a balance in its prepaid insurance account of $464,000 at the end of the fiscal year.

Section A

7.At 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.

9.The Allentown council passed an ordinance requiring that 5% of the towns sales tax revenue be set aside for economic development, this year that amount was $24,650

10.The capital projects fund ended the reporting period with a negative fund balance.

Section B

Answers will either be:

Nonspendable

Restricted

Committed

Assigned

Unassigned