The following information was drawn from the records of Orleans Parish (all amou
ID: 2524993 • Letter: T
Question
The following information was drawn from the records of Orleans Parish (all amounts are in thousands of dollars).
Local gas tax restricted for street maintenance............................................. $13,000
State grant restricted for police training........................................................ 4,000
Federal grant for new library......................................................................... 1,222
Gain on sale of general capital assets ............................................................ 300
License and permit fees ................................................................................ 70
Interest collected on investments.................................................................. 108
Fines and forfeitures...................................................................................... 500
Contributions to permanent fund which supports education........................ 635
Shared state revenues restricted to public health........................................... 1,100
Requirement: Prepare schedules computing amounts to be reported as Charges for Services, Operating Grants and Contributions, Capital Grants and Contributions, and General Revenues
Explanation / Answer
Charges for Services Local gas tax restricted for street maintenance 13,000 License and permit fees 70 Shared state revenues restricted to public health 1,100 14,170 Operating Grants and Contributions State grant restricted for police training 4,000 Contributions to permanent fund which supports education 635 4,635 Capital Grants and Contributions Federal grant for new library. 1,222 1,222 General Revenues Gain on sale of general capital assets 300 Interest collected on investments 108 Fines and forfeitures 500 908
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