For each of the following situations, indicate which fund would be used to report the transaction. 

GF- general fund, 

SRF- special revenue fund, 

DSF- debt service fund, 

CPF- capital projects fund, 

PF- permanent fund, 

EF-Enterprise Fund, 

ISF-Internal Service Fund, 

PPTF- private purpose trust fund, 

AF- Agency fund.

1 Supplies were purchased by central purchasing function.
2 The City sold bonds to construct new roads around the City.
3 A city-owned electric utility sent bills to a separate school board
4 A bank saving account held for rightful owners.
5 The city received its share of a state sales tax that is legally required to be used to improve library facilities.
6 The engineers and employees who were building a major facility were paid.
7 The City received an endowment from a rich citizen to be held in perpetuity, the investment income must be used to support the parks on the City.
8 The City Mass Transit facility received an operating subsidy from the city and grant from the federal government
9 City owned airport fund bought equipment.
10 A centralized purchasing facility billed the general city operations for part of the cost of the purchasing operations.
11 The city centralized printing facility billed the city tax department for printing tax forms.
12 The police department purchased
10 police cars
13 The city paid the principal and interest on a bond issue from resources that were accumulated for the purpose of making the payment.
14 Assets held for rightful owners
15 The city levied a gasoline tax for the purpose of maintaining streets.

Answer rating: 100% (QA)

An enterprise fund is a selfsupported government fund that ... View the full answer