Which of the following would not be reported on a Government Fund Operating Statement?

	a.	Expenses
	b.	Expenditures
	c.	Other Financing Sources
	d.	Revenues

..........................

A city receives a state grant of $1 million on January 1, 2020. The city is required under the terms of the grant to use the $1 million grant proceeds to pay for a community development program to assist property owners in a specific neighborhood. The $1 million grant proceeds should be accounted for in which fund group and in which type of fund within that fund group?

	a.	Proprietary Fund Group, Internal Service Fund
	b.	Government Fund Group, Special Revenue Fund
	c.	Government Fund Group, Debt Service Fund
	d.	Proprietary Fund Group, Enterprise Fund

.....................

SLG Proprietary Funds

	a.	Include Permanent Funds
	b.	Use the following simplified accounting equation: current assets - current liabilities = fund balance
	c.	Use the accrual basis of accounting
	d.	Are also known as Expendable Funds

.................

Expendable funds recognize

	a.	Federal income tax expense when accruing related liabilities
	b.	Capital Outlay expenses when selling general government capital assets
	c.	Debt Service expenditures when paying off general government long-term debt principal and interest
	d.	Depreciation expense when depreciating fund fixed assets