Question 9
The following revenues were among those reported by Ariba Township in 2005 : What amount of the foregoing revenues should be accounted for in Ariba ' s governmental-type funds ?
Question 10
Todd City formally integrates budgetary accounts into its general fund . Todd uses an internal service fund to account for the operations of its data processing center , which provides services to Todd ' s other governmental units . During the year ended December 31 , 2005 , Todd received a state grant to buy a bus , and an additional grant for bus operation in 2005 . In 2005 , only 90 % of the capital grant was used for the bus purchase , but 100 % of the operating grant was disbursed . Todd has incurred the following long-term obligations : General obligation bonds issued for the water and sewer fund which will service the debt . Revenue bonds to be repaid from admission fees collected from users of the municipal recreation center . These bonds are expected to be paid from enterprise funds , and secured by Todd ' s full faith , credit , and taxing power as further assurance that the obligations will be paid . Todd ' s 2005 expenditures from the general fund include payments for structural alterations to a firehouse and furniture for the mayor ' s office . In Todd ' s general fund balance sheet presentation at December 31 , 2005 , which of the following expenditures should be classified as fixed assets ?
Question 11
On March 2 , 2004 , Finch City issued 10-year general obligation bonds at face amount , with interest payable March 1 and September 1 . The proceeds were to be used to finance the construction of a civic center over the period April 1 , 2004 , to March 31 , 2005 . During the fiscal year ended June 30 , 2004 , no resources had been provided to the debt service fund for the payment of principal and interest . On