The federal grant was recorded as a receivable: one-half of the grant is to be paid to the City of Ahamo in 2014, the rest will be received late in 2015. The 2015 receipt will not be available for use until 2015 because it will need to be appropriated by the federal government in 2015.

Record necessary journal entries to the Capital Projects Fund and Governmental Activities

Capital Projects Fund

Governmental Activities