Indicate whether each statement is true or false by selecting the appropriate circle.

StatementTrueFalse$1.$ Capital projects funds account for proceeds of specific revenue sources that are legally required to be spent for specified purposes$\mathrm{.}2.$ Utility$$bill$$payments$$are$$recognized$$in$$a$$proprietary$$fund$\mathrm{.}3.$ Capital assets and long$-$term liabilities specifically related to proprietary funds activities are accounted for using the modified accrual basis of accounting$\mathrm{.}4.$ Governmental funds are accounted for using the accrual basis of accounting$\mathrm{.}5.$ Government$-$wide financial statements report general long$-$term liabilities.