Consider the following transactions of Daley County:
1. General property taxes of $50,000,000 are levied and collected.
2. Grants of $1,000,000 are received from the state to finance public safety programs.
3. Investment income of $40,000 is earned on investments of a debt service fund.
4. Investment income of $25,000 is earned on investments made using money received from a wealthy citizen. The money is held in trust to finance acquisitions of the public art gallery, outlays are limited to earnings and the original contribution cannot be spent.
5. User fees of $50,000 are received from operations of the community pool.
6. Depreciation on public safety equipment is $2,000 for the year.
7. Investment income of $35,000 is earned on government investments of excess cash. The income is not restricted.
8. The data processing unit submits $65,000 in charges for services to other units in the government.
9. Current year accrued interest on general long-term debt is $27,000, and is not due for several years.
Required
Indicate how each transaction is reported in Daley County"s (a) fund statements, and (b) government-wide statements. Identify (i) the statement affected, (ii) the account where the item appears, and (iii) its classification if necessary. For example, assets purchased by the general fund appear as capital assets (governmental activities) on the statement of net position, and as general fund expenditures on the governmental funds statement of revenues, expenditures, and changes in fund balances. For the fund statements, assume whenever necessary that the relevant fund qualifies as a major fund.