The town of brittainville has two enterprise funds- one

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Reference no: EM13614372

The town of Brittainville has two Enterprise Funds- one forits water and wastewater operations and another for its cabletelevision operation. The Water and Wastewater Enterprise Fundissued $11,000,000 of 6%, 15-year refunding bonds at par during the year. It also received a $175,000 federal grant to expand water andwastewater lines to economically depressed residentialneighborhoods. The Cable Enterprise Fund made its annual payment of$1,000,000 to the General Fund to subsidize operations. It also wasthe recipient of a Federal Communications Commission unrestrictedgrant of $100,000.

How would the receipt of the grants be reported on the statementof cash flows for the Water and Wastewater Enterprise Fund and theCable Enterprise Fund, respectively?

Reference no: EM13614372

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