What are the major sources of funds for capital project and debtservice funds, and...

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Accounting

What are the major sources of funds for capital project and debtservice funds, and how are the sources classified in the Statementof Revenues, Expenditures, and Changes in Fund Balance?

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A major source of funding for capital projects funds is the issuance of long term debt In addition to debt proceeds capital projects funds may receive grants from other governmental units proceeds of dedicated taxes transfers from other funds gifts from individuals or organizations or a combination of several of these sources aProperty taxes levied specifically for the Debt Service Fund Treated as Revenues bCash received from General Fund to finance debt service paymentsOther financing sources cCash received from General Fund to finance part of the cost of new police headquarters Treated as Other financing sources dGrant from state to finance part of cost of new police headquarters Treated See Answer

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In: AccountingWhat are the major sources of funds for capital project and debtservice funds, and how...What are the major sources of funds for capital project and debtservice funds, and how are the sources classified in the Statementof Revenues, Expenditures, and Changes in Fund Balance?