For each of the following items relating to the debt of Marfa City, indicate whether and how the debt would be reported

[answerhappygod]

For each of the following items relating to the debt of Marfa
City, indicate whether and how the debt would be reported on a
balance sheet of one of the city's governmental funds. If it would
not be reported on a balance sheet of one of the city's
governmental funds, then state whether it would be reported instead
on the government‐wide statement of net position or in notes to the
financial statements. Insofar as you would need additional
information to determine how the debt should be reported, specify
such information and tell how it would affect the determination.
Briefly justify your response.
1. The city issues $10 million in 30‐year, 6 percent revenue
bonds to enable a local nursing home to construct new facilities.
The facilities will be leased to the home for the term of the
bonds, and the lease payments will be exactly equal to the debt
service on the bonds. At the expiration of the lease, the property
will revert to the home. The bonds are backed exclusively by the
lease payments from the nursing home.
2. The city issues $20 million in 8 percent BANs, which it
expects to refund approximately nine months after year‐end, when,
it hopes, long‐term interest rates will drop. As part of an
annexation agreement, the city constructs roads to an adjacent
municipal utility district. The city funds the roads by issuing $15
million in bonds. The bonds are backed exclusively by assessments
on the district's property owners. Although the city will collect
the assessments and transmit the required payments to the bond
trustee, the city is barred by both the state constitution and its
own charter from assuming responsibility for the debt in the event
of property owner defaults.