Question: Going 70 mph in a 60 mph zone you ve just been
Going 70 mph in a 60-mph zone, you’ve just been caught in the infamous Goldwaithe Township speed trap. You pay your ﬁne of $150. In the government-wide statement of activities, revenues must be associated with the speciﬁc programs (e.g., public safety)that generate them. However, state law applicable to Goldwaithe speciﬁcally requires that all ﬁnes be considered general revenues; they cannot be restricted to speciﬁc programs, activities, or departments. How would you recommend your ﬁne be accounted for in Goldwaithe’s statement of activities?
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