In practice, how is any remaining fund balance of a completed Capital Projects Fund used?

a. Frequently, a governing body will specify what shall be done with any remaining fund balance before the project even starts, subject to other legal or contractual requirements.

b. It is not uncommon for the remaining fund balance to be transferred to a Debt Service Fund.

c. Grantors may specify that remaining amounts will revert to them based upon their percentage of initial funding.

d. All of the above are examples found in practice.

e. Items a and c only.