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Listed Below in the Left Column Are Some Revenue Sources

Question 48

Matching

Listed below in the left column are some revenue sources for the General Fund. Listed in the right column are the classes of nonexchange transactions delineated in GASB Statement No. 33, “Accounting and Financial Reporting for Nonexchange Transactions.” Correctly match each revenue source with the appropriate class of nonexchange transaction. Each class of nonexchange transaction may be used once, more than once, or not at all.

Premises:
State grants to help comply with state requirements.
Ad valorem taxes.
Sales taxes.
Federal road improvement grants.
State reimbursements for education technology.
Property taxes.
Gas taxes.
Income taxes.
Forfeited bail money.
Cash collections from speeding tickets.
Responses:
Derived Tax Revenues
Imposed Tax Revenues
Government Mandated
Voluntary

Correct Answer:

State grants to help comply with state requirements.
Ad valorem taxes.
Sales taxes.
Federal road improvement grants.
State reimbursements for education technology.
Property taxes.
Gas taxes.
Income taxes.
Forfeited bail money.
Cash collections from speeding tickets.
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