Castle County Reported the Following Transactions During Its Fiscal Year

Castle County reported the following transactions during its fiscal year ended December 31, 2017:
-On February 16, 2017, the county purchased a 15-year $100,000 bond for $99,800 with cash held in a debt sinking fund. During the year, the county received $3,000 in interest. At year-end, the market value of the bond was $99,950.
-In December 2016, the Kiplinger foundation pledged up to $3 million to support the county's Art Museum. The foundation will contribute $1 for every $2 in admissions revenue generated by the Art Museum. During 2017, the Art Museum reported $4.0 million in admissions revenue. During January and February 2018, it reported an additional $1.0 million. The county received the matching contributions for both admissions amounts.
-During the year, the county agreed to impose a license fee on all tanning salons operated in the county. Licenses cover the period July 1, 2017 to June 30, 2018. The county received license revenues of $150,000.
-The county sold two police cars for salvage totaling $7,500. It had purchased the cars five years earlier at $30,000 each. The county had fully depreciated the police cars in its government-wide financial statements and a total salvage value of $5,000 had been anticipated.
-The county received a $1.5 million grant from the state to reimburse the cost of its DARE program. The county incurred DARE program costs of $1.0 million during 2017 and an additional $500,000 in January and February 2018.