Ashley Woods Village issued $4,000,000 in general obligation bonds to finance the widening of a local thoroughfare. This transaction will most likely

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General obligation bonds are typically issued by governments in order to finance capital projects, such as the widening of a local thoroughfare. These bonds are typically repaid from the government's general fund over a period of years. Therefore, the issuance of the $4,000,000 in bonds would increase the fund balance in the Capital Projects Fund by $4,000,000, as this fund is typically used to account for the finances related to capital projects. It would not affect the General Fund balance.

Ashley Woods Village Issued $4,000,000 in General Obligation Bonds to Finance