The Citizens of a Specific Area of the City of Arlington

question 61

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.
-The proceeds of the bond issue should be recorded 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:

Precise Movements

Controlled, accurate, and finely tuned physical actions executed by the body.

Early Childhood

refers to the developmental period from birth to eight years of age, characterized by rapid physical, cognitive, and emotional growth.

Motor Activity

Physical actions or movements of the body that are produced by the contraction and relaxation of muscles.

Early Childhood

A developmental period in human life, typically considered to be from birth to around 8 years old, characterized by rapid physical, cognitive, and emotional growth.