The Revenue Classifications Recommended by GASB Standards Are Listed Below

Short Answer

The revenue classifications recommended by GASB standards are listed below.
a.Taxes
b.Licenses and Permits
c.Intergovernmental Revenue
d.Charges for Services
e.Fines and Forfeits
f.Miscellaneous
For each revenue source listed below,indicate its correct classification by placing the appropriate letter in the blank space next to the item.
(1)Building permits.
(2)Green fees at the municipal golf course.
(3)Special Purpose Local Option Sales Tax levied by city.
(4)State grant for pre-kindergarten program.
(5)Collection of traffic tickets.