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The Burnet County Road Authority was established as a separate government to maintain county highways....

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Accounting

The Burnet County Road Authority was established as a separate government to maintain county highways. The road authority was granted statutory power to impose property taxes on county residents to cover its costs, but it is required to balance its budget, which must be prepared on a cash basis. In its first year of operations, it engaged in the following transactions, all of which were consistent with its legally adopted cashbased budget:
1. Amount of tax revenue it will be required to collect in year one: ___________________
2. Amount of tax revenue it will be required to collect in year two: ___________________
3. Amount of tax revenue it will be required to collect in year ten: ___________________
4. To what extent do the Burnet County Road Authoritys budgeting and taxing policies promote interperiod equity? ________________________________________________
_______________________________________________________________________
_______________________________________________________________________
What changes would you recommend? _______________________________________
________________________________________________________________________

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