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