Financing for the renovation of Fir City’s municipal park, begun and completed during 2005, came from the following sources:
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|
Grant from state government |
$400,000 |
|
Proceeds from general obligation bond issue |
500,000 |
|
Transfer from Fir’s general fund |
100,000 |
In its 2005 capital projects fund operating statement, Fir should report these amounts as
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|
Revenues |
Other financing sources |
|
|
a. |
$1,000,000 |
$0 |
|
b. |
$ 900,000 |
$ 100,000 |
|
c. |
$ 400,000 |
$ 600,000 |
|
d. |
$0 |
$1,000,000 |