If a governmental entity issued $3,000,000 in bonds, received a $500,000 federal capital grant, and transferred $750,000 to a Capital Projects Fund from the General Fund, the Capital Projects Fund financial statements should report Other Financing Sources (OFS) of

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The Capital Projects Fund financial statements should report Other Financing Sources (OFS) of $3,750,000, which includes the $3,000,000 from bonds and the $750,000 transfer from the General Fund. The federal capital grant is not considered an OFS.

If a Governmental Entity Issued $3,000,000 in Bonds, Received a $500,000