The Citizens of a Specific Area of the City of Arlington

question 55

Multiple Choice

The citizens of a specific area of the City of Arlington approved the construction of sidewalks in their residential neighborhood and approved a $1 million bond issue to finance construction of those sidewalks. The citizens agreed to a special assessment on their property for 20 years in an amount sufficient to pay principal and interest on the bonds. The city will oversee the construction of the sidewalks and act as agent for servicing the debt. If the special assessment is not sufficient to make the principal and interest payments, the city will assume the obligations.
-When the city collects the special assessment, it should be accounted for in which fund of the City of Arlington?

• A) Agency fund.
• B) Special assessment fund.
• C) Capital projects fund.
• D) Debt service fund.

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Definitions:

Alternative Self

An understanding of the self, based on what could have been if something in the past had happened differently.

Long-term Research

A detailed investigation or study conducted over an extended period, often aiming to acquire in-depth knowledge or solutions.

Johari Window

A psychological tool used to enhance the understanding between individuals within a group, outlining what is known and unknown by oneself and others.

Personal Relationships

Interpersonal affiliations or bonds between individuals, characterized by emotional or social connections.