The City of Pfeiffer begins the fiscal year of 2020 with two funds: a general fund and an enterprise fund, both related to education and parks/recreation. Here's a detailed breakdown of the transactions throughout 2020: 1. **Municipal Park Development** - A municipal park is built using a capital project fund from a $85,000 transfer, augmented by a land purchase costing $24,500. 2. **Long-term Borrowing** - The city borrows $135,200 for new equipment for the municipal park. 3. **Property Tax Assessment** - An immediate property tax assessment is levied at $737,700, with $627,000 anticipated for collection within the year and additional revenue in 2021. 4. **Basketball Court** - A court is constructed for $96,000, with a 10-year lifespan and no residual value. A sidewalk addition costs $20,000. 5. **Park Operations** - A park opens mid-year, charging $9,600 in entrance fees during operations. 6. **Parking Deck Construction** - A parking deck is set up with a $210,000 payment, including a long-term note. The deck, part of civic operations, starts service on July 1. 7. **School Lunch Grant** - A $105,000 grant is received for school lunches, with $38,900 spent by year's end. 8. **School Book Purchases** - Student charges of $6,300 for books are recorded, with full collection early in 2021. 9. **School Supplies** - Supplies worth $9,000 are purchased, utilized by end of 2021. 10. **Art Purchase** - A painting costing $104,700 is acquired for the local school. 11. **Fund Transfer for Park** - A $24,500 transfer is made to aid park funding. 12. **School Bus Order** - A bus is ordered, costing $121,500, with a five-year service life. 13. **Teacher Salaries** - Teachers receive $239,400 in salaries, plus $27,800 vacation pay, deferrable to mid-2021. 14. **Auditorium Worker Salaries** - Payments amount to $50,400, with an additional $6,400 slated for 2021. 15. **Auditorium Rental** - Short-term