1. Which of the following general government capital asset acquisitions would be the J/east likely to be accounted for in a Capital Projects Fund?

a. Construction of a new fire station financed by a portion of a special tax levy (the tax levy is being accounted for in a Special Revenue Fund).

b. Acquisition of new police vehicles through a capital lease arrangement.

c. Construction of a new government center financed by the issuance of general obligation serial bonds. &

d. Expansion of a town’s main thoroughfare from three to five lanes financed by a federal highway grant.
& Construction of curb and guttering in a large neighborhood financed by capital improvement special assessment debt.