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Montgomery County Council will be establishing a library fund. Library fees are expected to cover...

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Montgomery County Council will be establishing a library fund. Library fees are expected to cover 60% of the library's annual resource requirements. Montgomery has decided that an annual determination of net income is desirable in order to maintain management control and accountability over library. What type of fund should Montgomery establish in order to meet their measurement objectives? Special revenue fund General fund Internal service fund Enterprise fund The special revenue fund of a governmental unit is an example of what type of fund? Governmental fund Proprietary Internal service Fiduciary Montgomery County Council will be establishing a library fund. Library fees are expected to cover 60% of the library's annual resource requirements. Montgomery has decided that an annual determination of net income is desirable in order to maintain management control and accountability over library. What type of fund should Montgomery establish in order to meet their measurement objectives? Special revenue fund General fund Internal service fund Enterprise fund The special revenue fund of a governmental unit is an example of what type of fund? Governmental fund Proprietary Internal service Fiduciary

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