In Addition to Exchange Revenues, GASB Standards Discuss Four Categories

Essay

In addition to exchange revenues, GASB standards discuss four categories of nonexchange revenues. For each of the following revenues recognized by a city indicate the category into which it best fits.
A. A state grant that the city must accept and use to hire air pollution inspectors
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B. Revenue from fees charged by the police department to monitor a charity bicycle ride
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C. Fines for traffic violations
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D. A federal grant to support general education services.
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E. Investments in the state's investment pool.
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F. Hotel occupancy tax.
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G. Local option sales tax
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H. City library late fees
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