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Paragraph Styles 4. Arada Sub city authorized a $ 3,600, 000 building project to be financed from three sources: General fund transfer Federal Government Grant Bond Issue $ 600.000 2,300,000 700.000 The project is to be constructed in part by private contractors. The fiscal year ends on Sene 30. The following transactions occurred in the first year ended Sene 30, 2002(budgetary entry is not required): A. The sum of $ 400,000 was borrowed in anticipation of bond issue from Commercial Bank of Ethiopia ​

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