Question: A city received a $ 4 , 8 0 0 , 0 0 0 donation from a donor who directs that the principal should be

A city received a $

4, 800, 000

donation from a donor who directs that the principal should be maintained in perpetuity and the earnings from the principal are to be used to provide assistance for homeless families to reestablish their economic and financial security. In which fund should the donation be recorded?

Capital project fund

Special revenue fund

General fund

Permanent fund

A city received a $ 4 , 8 0 0 , 0 0 0 donation

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