To what type of account are operating costs recorded in a private purpose trust fund?

		A. An expense account
		B. A deductions account
		C. An expenditures account
		D. A net assets account

2. A city issues special assessment bonds to finance a construction project. The Official Statement for the bonds says the city is not obligated in any manner to assume debt service payments if any homeowner defaults. The city collects the assessments from homeowners and forwards them to the Trustee to pay bondholders. In what fund should the city record collection and distribution of the special assessments?

		A. Custodial Fund
		B. Private Purpose Trust Fund
		C. Debt Service Fund
		D. Special Revenue Fund