The following list includes 13 funds of the State of

The following list includes 13 funds of the State of California. Based on the description from the
state’s Comprehensive Annual Financial Report, indicate which type of fund each one is.1. The
Cigarette and Tobacco Tax Fund accounts for a surtax on cigarette and tobacco products that is
used for various health programs.2. The Department of Technology Services Fund accounts for
charges for technology services performed for various state departments by the Department of
Technology Services.3. The Economic Recovery Bond Sinking Fund accounts for General Fund
transfers, proceeds from sale of surplus property, and the 0.25% sales and use tax revenue
collected for the payment of principal, interest, and other related costs of the Economic
Recovery Bonds.4. The Electric Power Fund accounts for the acquisition and resale of electric
power to retail end-use customers.5. The Higher Education Construction Fund accounts for
bond proceeds used to construct facilities for state colleges and universities.6. The Natural
Resources Acquisition and Enhancement Fund accounts for bond proceeds and various
revenues that are used to acquire or improve state parks, beaches, and other recreational
areas.7. The Prison Construction Fund accounts for bond proceeds that are used to construct
state prisons.8. The Prison Industries Fund accounts for charges for goods produced by
inmates in state prisons that are sold to state departments and other governmental entities.9.
The Receipting and Disbursing Fund accounts for the collection and disbursement of revenues
and receipts on behalf of local governments. This fund also accounts for receipts from
numerous state funds, typically for the purpose of writing a single warrant when the warrant is
funded by multiple funding sources.10. The Service Revolving Fund accounts for charges for
printing and procurement services rendered by the Department of General Services for state
departments and other public entities.11. The State Lottery Fund accounts for the sale of
California State Lottery tickets and the Lottery’s payments for education.12. The State
Teachers’ Retirement Fund accounts for the employee, employer, and primary government
contributions of the cost-sharing multiple-employer retirement plan that provides pension
benefits to teachers and certain other employees of the California public school system.13. The
Transportation Safety Fund accounts for automobile registration fees and other revenues that
are used for transportation safety programs.(Based on a recent Comprehensive Annual
Financial Report of the State of California.)View Solution: The following list includes 13 funds of
the State of
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