General Funds and special revenue funds typically record budgets.
Correct Answer:
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Q48: Permanent funds reflect resources that are restricted
Q49: Capital project funds have indefinite lives.
Q50: A gift of $1,000,000 to a city,
Q51: A Debt Service Fund is a fund
Q52: If taxes are levied specifically for payment
Q54: Permanent funds may spend both earnings and
Q55: Budgets are typically not recorded for Special
Q56: Since long-term liabilities are not recorded in
Q57: Budgets are typically recorded for Capital Projects
Q58: A gift of $1,000,000 to a city,
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