If a City Has a Responsibility for Endowed Resources, How

question 65

Essay

If a city has a responsibility for endowed resources, how would city management decide whether to account for the resources in a permanent fund or a trust fund? How does financial reporting of the funds differ?

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Definitions:

Disfranchised

Disfranchised refers to individuals who have been deprived of the right to vote or other rights of citizenship.

Voting

The act of making a choice among options in an election or referendum, typically through a ballot.

American Economy

The economic system of the United States, characterized by a mixed economy with private freedom combined with centralized economic planning and government regulation.

Massive Corporations

Large-scale businesses or companies that operate in multiple countries, often having significant influence on the global economy.