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Unformatted text preview: The cash was placed in the fund restricted for acquisition of capital assets. 8.With the bond money, it purchased an office building for $15 million. 9.It transferred $20 million to the fund restricted for debt service. Chapter 2 Funds Page 3 of 3 10.The City collected $30 million of taxes on behalf of a school district. 11.The City received a cash donation of $6 million to support a government-operated Nature Discovery Center. Income only from any investments purchased with the cash can be expended. 12.The vehicle repair service center billed, and collected from, the police, fire and sanitation departments $1 million for the services provided. Chapter 2...
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