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A City Receives a Federal Grant Which the City Must

question 11

Essay

A city receives a federal grant which the city must pass through to smaller units of government who meet the eligibility requirements. The city must monitor these smaller units of government for compliance with grant requirements.
a.) How should the city recognize this grant in its fund financial statements?
b.) Would your answer be different if the city were not required to monitor the other governments for compliance with grant requirements? Explain.


Definitions:

Input

Contributions, resources, or information provided towards a process or system in order to achieve an output or result.

Informative Communication

Communication that serves to inform or provide knowledge about a particular topic or situation.

Respectful

Showing consideration, politeness, and honor towards others and their ideas, beliefs, or positions.

Cognitive Demands

The mental effort required to perform a task, including thinking, problem-solving, and decision-making.

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