Author Question: The highest level of decision-making authority for the City of Palo Pinto passes an ordinance that ... (Read 20 times)

melly21297 · **on:** Jul 5, 2018

The highest level of decision-making authority for the City of Palo Pinto passes an ordinance that states that all royalty payments received from oil or gas production on city property must be used for street maintenance or improvements.

As of the end of its current fiscal year, the city has 1,250,000 of unspent royalty payments. These amounts should be reported as part of:
a. nonspendable fund balance
b. restricted fund balance
c. committed fund balance
d. assigned fund balance
e. unassigned fund balance

Question 2

A data flow diagram (DFD) could contain each of the following symbols except:
a. a bubble or circle
b. an octagon
c. a square
d. a curved line with an arrow head