Impact Fees Imposed on Commercial Developers by an Enterprise Fund

question 3

Multiple Choice

Impact fees imposed on commercial developers by an enterprise fund and not associated with specific projects or improvements are recorded as:

• A) Transfers from the enterprise fund to a capital projects fund.
• B) Operating revenues to the enterprise fund.
• C) Capital contributions to the enterprise fund.
• D) Unearned revenue to the enterprise fund.

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Definitions:

Energy Efficiency

The goal or strategy of reducing the amount of energy required to provide products and services, enhancing operational performance while reducing energy use.

Risk Averse

A tendency to prefer certainty over uncertainty, often by avoiding situations that involve risk.

Economic Loss

A situation where the costs of a business, sector, or economy exceed its revenues, leading to a negative financial result.

Marginal Analysis

An approach in economics used to examine the benefits and costs of an additional unit of production or action.