Question

The following information was drawn from the accounts and records of Mosser Township:
Locally levied gas tax restricted to street maintenance . . . . . . . . . $1,000,000
Grant from state for widening and repaving Main Street . . . . . . . . 4,000,000
Unrestricted charges for ambulance services provided by fire
department . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250,000
Contributions from local businesses—restricted for youth
recreation programs . . . . . . . . . . . . . . . . . . . . . . . . . . 75,000
Income from Permanent Fund endowment restricted to
economic development purposes . . . . . . . . . . . . . . . . . . 120,000
Fines that are unrestricted as to use . . . . . . . . . . . . . . . . . . . 31,000
Property taxes restricted for education purposes . . . . . . . . . . . 720,000
Shared revenues from the state—restricted for education . . . . . . 1,230,000
Federal grant revenues—restricted for hiring police officers . . . . . 400,000
Federal grant to replace water and sewer lines . . . . . . . . . . . . 5,000,000

Required
Prepare a schedule computing the amounts to be reported in each of the three minimum program revenues classifications by Mosser Township.



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  • CreatedOctober 25, 2014
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