Why is each significant capital project usually financed and accounted for through a separate Capital Projects Fund?
Answer to relevant QuestionsWhat are the typical sources of financing for general government capital projects? How are these sources reported in the statement of revenues, expenditures, and changes in fund balance for a Capital Projects Fund?Neither the capital assets acquired through a Capital Projects Fund nor the long-term debt issued to finance capital projects is normally accounted for in the CPF. Why? Where are such capital assets and long-term debt ...The following transactions and events occurred in Lanesburg Township during 20X7:1. The township assembly agreed that a new police and fire department building would be constructed at a cost not to exceed $1,500,000, on land ...Record the following transactions in the Building and Capital Purchases Capital Projects Fund of Blue Earth County, Montana, for the year ended December 31, 20X6.1. Levied property taxes of $4,385,559 that are restricted for ...When would bond interest or principal due soon in the next year be accrued as expenditures and liabilities of a Debt Service Fund? When would they not be accrued?
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