For Each of the Following Transactions That Could Be Introduced

question 5

Essay

For each of the following transactions that could be introduced to fund the maintenance of the city park,state the type of fund(s)that would be affected.Assume that a capital project fund will be used to handle any long-term improvements or additions to the park.
1.Resources used to make 60 monthly installments on outstanding long-term debt.
2.Implemented a tax on alcohol purchases specifically designated for the park upkeep.
3.A local sports organization that uses the park raises funds and donates the money,stating that the principal may not be spent,but designating earnings to the park upkeep.
4.City council approves the funds from existing resources for the upkeep required in the upcoming year.
5.Resources used only to pay principal and interest of debt outstanding to finance park maintenance.

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Definitions:

Surface Cultural Variables

Observable elements that represent a culture's customs, traditions, and social behaviors.

Political

Pertaining to the government or the public affairs of a country.

Economic

Pertaining to the production, distribution, and utilization of goods and services, or the financial aspects of a region or society.

Organizational Chart

A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.