A local civic organization gave the city government $15,000 cash to be used to pay the utility bills of persons whose incomes were below the poverty level. The city should account for the $15,000 gift in

A local civic organization gave the city government $15,000 cash to be used to pay the utility bills of persons whose incomes were below the poverty level. The city should account for the $15,000 gift in

A local civic organization gave the city government $15,000 cash to be used to pay the utility bills of persons whose incomes were below the poverty level. The city should account for the $15,000 gift in 

Ans. Private-purpose trust fund.