For each of the following scenarios, indicated how they would be classified for fund balance reporting purposes by selecting from the list of classification.

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Bond proceeds of $15,000,000 that must be used for construction of a fire substation remain unspent at the end of the fiscal year. 2. Prepaid rent of $6,000 remains at the end of the fiscal year. 3. The city council adopted a plan to set aside 2% of revenues over the next three years to help build cash reserves. At the end of the fiscal year 2% of the revenues were set aside. 4. The state transportation department provided $1,000,000 in state funds to be used for street widening. At the end of the fiscal year $750,000 remained unspent. 5. The county received a $3,000,000 endowment during the year. Bond proceeds of $15,000,000 that must be used for construction of a fire substation remain unspent at the end of the fiscal year. 2. Prepaid rent of $6,000 remains at the end of the fiscal year. 3. The city council adopted a plan to set aside 2% of revenues over the next three years to help build cash reserves. At the end of the fiscal year 2% of the revenues were set aside. 4. The state transportation department provided $1,000,000 in state funds to be used for street widening. At the end of the fiscal year $750,000 remained unspent. 5. The county received a $3,000,000 endowment during the year.

Answer rating: 100% (QA)

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