Katerah City Maintains the Following Funds

Katerah City maintains the following funds:
-General
-Special revenue
-Capital projects
-Debt service
-Enterprise
-Investment trust
-Permanent
-Agency
For each of the following transactions, indicate which fund would most likely be used to report the transaction:
a. The city collects $1 million of taxes for an independent fire district located within the city.
b. The city spends $1.2 million on street maintenance using the proceeds of a city gas tax dedicated for road and highway maintenance and improvements.
c. The city receives a bequest of $1.5 million. The donor's will, requires that the principal amount be invested in perpetuity and that the earnings on the investment be used to maintain a city park to be renamed for the donor.
d. The city collects water and sewer fees of $4.2 million.
e. The city pays $4 million to a contractor for work on a new bridge.
f. The city receives $1.3 million to invest on behalf of the county.
g. The city pays its police officers wages of $325,000.
h. The city pays $2.2 million in bond interest on its general obligation debt.