A downtown shopping district desires additional police patrols and agrees to pay for the service through a special assessment property tax. Which fund should be used to account for the special assessment tax proceeds?
A) General.
B) Capital projects.
C) Agency.
D) Debt service.

Question

Quizplus · Accepted Answer

Service-type assessments, such as an assessment to downtown businesses for special garbage removal or police protection, would be accounted for in the General fund or a special revenue fund.

A Downtown Shopping District Desires Additional Police Patrols and Agrees