Identify Appropriate Funds Bach of the following transactions relates to a city government:
1. A sinking fund is set up to accumulate and invest resources for the retirement of a general bond issue maturing in ten years.
2. The city receives a $50,000 grant from the federal government to institute a meal delivery program for senior citizens.
3. New curbing is being installed on the south side of the city, with resources initially provided by the general fund. No debt is issued. Residents of the south side will pay for the cost of the curbing with an additional charge on their property tax bill during each of the next ten years.
4. Same as 3., except that initial financing is provided by issuing bonds for which the city is (a) liable or (b) not liable.
5. To remedy a Hooding problem, the city plans a new drainage system in the northern part of the city, financed with a general bond issue.
6. The city establishes a retirement fund for its fire fighters, and sets aside 8 percent of the fire fighters' wages each year. The city administers the investment of funds and the payment of benefits.
7. Same as 6., except that the city pays a premium to an insurance company fully responsible for investment of funds and benefit payments.
8. The city set up a computer services division to handle payroll and other functions for all city agencies, for a fee.
9. Fifteen new police cars are purchased, as provided in the general budget.
10. Received state aid funds to be used for any of the city's general operations.
11. The city deducts federal income taxes from its employees' wages and periodically remits them to the federal government.
12. The city receives a $3,000,000 trust from a citizen. Income from trust investments must be used to maintain the public museum.
13. The city invests money received from other governments that pool their investments to increase return on excess funds invested.
Required
Identify the fund(s) affected by each of the above transactions.