Question

Clemens County had the following revenue sources in 20X5:
General property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . .$8,000,000
Restricted (for education) property taxes . . . . . . . . . . . . . . . . 570,000
Meals tax (restricted for economic development and tourism) . . . . . 200,000
Fines and forfeits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82,000
Federal grant restricted for police protection . . . . . . . . . . . . . . . 132,000
Federal grant restricted for specific general government
construction projects for specific functions . . . . . . . . . . . . . . 600,000
Unrestricted investment income . . . . . . . . . . . . . . . . . . . . . 75,000

Required
Prepare a schedule computing the amount of general revenues and of program revenues that Clemens County should report in its government-wide Statement of Activities for the 20X5 fiscal year.



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  • CreatedOctober 25, 2014
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