When Would a Special Revenue Fund Be Deemed to Have

question 65

Multiple Choice

When would a special revenue fund be deemed to have satisfied the eligibility requirement of a reimbursement-type federal grant,under GASB Statement 33?

• A) Only as qualified expenditures are completed.
• B) When a plan for use of the funds has been developed and approved.
• C) Only after work is completely finished for the project.
• D) When the grant is first approved by the granting agency.

---

Definitions:

Restrictive Government Regulation

Refers to laws and policies imposed by governmental bodies that restrict, limit, or control certain activities or behaviors of individuals or organizations.

Public Image

The perception or reputation of an individual or organization as seen by the public and shaped through media, actions, and communications.

Retaliatory Discharge

The act of an employer terminating an employee as a form of retaliation for the employee engaging in legally protected activity.

Whistleblowers

Individuals who expose illegal, unethical, or improper practices within an organization, often facing significant personal risk.