The Township of Spring Lake, NJs General Fund prepared and invoiced the Spring Lake Water Department, an enterprise fund, for the fair value of the cost of providing services. In the General Fund, this billing is called:

A. An in-kind contribution.

B. An exchange revenue.

C. A general revenue.

D. A payment in lieu of taxes.

Special revenues fund does not have which of the following:

A. Economic resources focus.

B. Modified Accrual.

C. Fiscal Accountability.

D. Prepares a balance sheet.

The special revenues fund:

A. Is an enterprise fund.

B. Is a clearinghouse fund.

C. Is where grant monies and other revenues are collected for specific purposes.

D. Is not a governmental fund.