Select the name of the fund(s) in which each of the following transactions or events would be recorded. 1. Bonds, the proceeds of which were to be used for the construction of a new City Hall, were issued. 2. A sum of money was appropriated, to be advanced from monies on hand, to finance the establishment of a City Garage for servicing cityowned transportation equipment. 3. A contribution was received from a private source. The use of the income earned on the investment of this sum of money was specifically designated by the donor. 4. Proceeds received from a bond issue were used for the purchase of the privately owned water utility in the city. 5. Property taxes designated to be set aside for the eventual retirement of the City Hall building bonds were collected. 6. Real estate and personal property taxes, which had not been assessed or levied for any specific purpose, were collected. 7. Payment was made to the contractor for progress made in the construction of the new City Hall. 8. Interest was paid on the bonds issued for the purchase of the water utility. 9. Bonds, the proceeds of which are to be used to pay for the improvement of streets in the residential district, were issued. The debt is to be serviced by assessments on the property benefited. The government is obligated to the bondholders to assure the timely payment of principal and interest on the debt. 10. Salaries of personnel in the office of the mayor were paid. 11. Interest was paid on the City Hall building bonds. 12. Installment payments were received from the property owners assessed for the street improvement project. 13. Interest was paid on bonds issued for the payment of the improvement of streets in the residential district. 14. Interest was received on the investment of moneys set aside for the retirement of the City Hall building bonds. 15. Sums of money were received from employees by payroll deductions to be used for the purchase of United States government bonds for those employees individually. 16. City motor vehicle license fees, to be used for general street expenditures, were collected. 17. Materials to be used for the general repair of the streets were purchased. 18. The City Garage was reimbursed for services on the equipment of the fire and police departments. 19. Excess funds were transferred from the water utility to the General Fund. Agency Fund Capital Projects Fund Capital Projects Fund and Debt Service Fund Debt Service Fund Enterprise Fund Enterprise Fund and The General Fund The General Fund The General Fund and Internal Service Fund Internal Service Fund and The General Fund Internal Service Fund Trust Funds (Proprietary).

1. Select the name of the fund(s) in which each of the following transactions or events would be
recorded. 1. Bonds, the proceeds of which were to be used for the construction of a new City
Hall, were issued. 2. A sum of money was appropriated, to be advanced from monies on hand, to
finance the establishment of a City Garage for servicing cityowned transportation equipment. 3.
A contribution was received from a private source. The use of the income earned on the
investment of this sum of money was specifically designated by the donor. 4. Proceeds received
from a bond issue were used for the purchase of the privately owned water utility in the city. 5.
Property taxes designated to be set aside for the eventual retirement of the City Hall building
bonds were collected. 6. Real estate and personal property taxes, which had not been assessed or
levied for any specific purpose, were collected. 7. Payment was made to the contractor for
progress made in the construction of the new City Hall. 8. Interest was paid on the bonds issued
for the purchase of the water utility. 9. Bonds, the proceeds of which are to be used to pay for the
improvement of streets in the residential district, were issued. The debt is to be serviced by
assessments on the property benefited. The government is obligated to the bondholders to assure
the timely payment of principal and interest on the debt. 10. Salaries of personnel in the office of
the mayor were paid. 11. Interest was paid on the City Hall building bonds. 12. Installment
payments were received from the property owners assessed for the street improvement project.
13. Interest was paid on bonds issued for the payment of the improvement of streets in the
residential district. 14. Interest was received on the investment of moneys set aside for the
retirement of the City Hall building bonds. 15. Sums of money were received from employees by
payroll deductions to be used for the purchase of United States government bonds for those
employees individually. 16. City motor vehicle license fees, to be used for general street
expenditures, were collected. 17. Materials to be used for the general repair of the streets were
purchased. 18. The City Garage was reimbursed for services on the equipment of the fire and
police departments. 19. Excess funds were transferred from the water utility to the General Fund.
Agency Fund Capital Projects Fund Capital Projects Fund and Debt Service Fund Debt Service
Fund Enterprise Fund Enterprise Fund and The General Fund The General Fund The General
Fund and Internal Service Fund Internal Service Fund and The General Fund Internal Service
Fund Trust Funds (Proprietary)