4. A general fund transfer of $5,000 was made to establish an Intragovernmental Service Fund to provide for a permanent investment in inventory. 5. The village decided to install lighting in the...

4. A general fund transfer of $5,000 was made to establish an Intragovernmental Service Fund to provide for a permanent investment in inventory.

5. The village decided to install lighting in the village park. A special assessment project was authorized to install the lighting at a cost of $75,000. The appropriation was formally recorded. To finance the project, $3,000 is to be transferred from the general fund, and the balance is from special assessments.