The city of Easton has set up a fund to account for a new mass transit system that will serve citizens of the city as well as tourists. In order to establish the system, advocates had to convince the state legislature that no tax money would be used to finance the mass transit system, and instead it would be supported entirely by revenues from the fares charged to customers. Which of the following best describes the fund that will be set up? This will be a governmental fund, which wil be reported on the modified accrual basis of accounting, with a current financial resources measurement focus This will be a proprietary fund, which will be reported on the full accrual basis of accounting, with an economic resources measurement focus This will be a fiduciary fund, which will be reported on the full accrual basis of accounting, with an economic resources measurement focus O This will be a governmental fund, which will be reported on the modified accrual basis of accounting, with an economic resources measurement focus