In 2013,Monks Town received a State grant of $300,000 that can only be used to hire additional police officers.How should this revenue be reported in the Town's government-wide statement of activities?

Question

Quizplus · Accepted Answer

This revenue should be reported as a program-specific operating grant because it is designated for a specific purpose (hiring additional police officers) and supports the operating activities related to public safety, rather than being used for capital investments or general purposes.

In 2013,Monks Town Received a State Grant of $300,000 That