h. A tract of land was purchased for $250,000. Payment was made from the general fund, in whose appropriations the item had been included. The amount had not been encumbered. The purchase was made...

h. A tract of land was purchased for $250,000. Payment was made from the general fund, in whose appropriations the item had been included. The amount had not been encumbered. The purchase was made with the intent of reselling the land to a suitable developer.

i. Toma received $300,000 as its part of federal revenue-sharing programs. Grants-in-aid of $60,000 due from the state government are recorded. None of the grants is expenditure driven.