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Using the following codes, indicate which listed fund best fits each description by placing the appropriate code in the space provided. GF General Fund SRF

Using the following codes, indicate which listed fund best fits each description by placing the appropriate code in the space provided.

GF General Fund

SRF Special Revenue Fund

CPF Capital Projects Fund

DSF Debt Service Fund

EF Enterprise Fund

ISF Internal Service Fund

1. Services are provided to the general public, and the costs of providing the services are financed by user charges.

2. Resources are accumulated to pay principal and interest on general long-term debt.

3. Salaries are paid to police officers.

4. Goods or services are furnished to other segments of the governmental unit on a user charge basis.

5. Specific revenue sources are dedicated to a particular purpose other than capital projects or debt service.

6. Expenditures are made by the city’s streets department.

7. An “operating income” figure is computed.


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