The City and County of PreVatte received a state grant for revitalizing its downtown district. The grant
Question:
1. Hired a director of downtown revitalization responsible for planning activities and projects designed to improve the downtown district. The approved salary was $87,500.
2. Paid $3,000,000 to various business owners as grants to assist them in refurbishing down-town buildings.
3. Paid the director’s and other appropriate employees’ salaries, $125,000.
4. Filed for reimbursement from the state at year end.
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Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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