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:

Standard of Value

A recognized measure that is used to set the price or value of goods, services, or assets in economic transactions.

Money Supply

Refers to the total volume of currency and other liquid instruments in a country's economy at a specific time.

M2 Measure

A category of the money supply that includes all liquid monies like cash and checking deposits, as well as 'near money' such as savings deposits and time deposits.

Unit Banking

A banking system where each bank operates as an independent unit, without branches, providing services to its local community.