According to GASB Statement No

According to GASB Statement No. 34, a Capital Projects Fund statement of revenues, expenditures, and changes in fund balance-budget and actual is

A) Required for each Capital Projects Fund.
B) Required to be presented as a basic financial statement for each major Capital Projects Fund with a legally adopted annual budget.
C) Required to be presented as a basic financial statement or required supplementary information for each major Capital Projects Fund with a legally adopted annual budget.
D) Not required, but may be presented as other supplementary information.