Which of the following funds is most likely to receive the proceeds of revenue bonds?
A) General fund.
B) Capital projects fund.
C) City utility enterprise fund.
D) Highway department special revenue fund.

Question

Quizplus · Accepted Answer

Revenue bonds are typically issued by municipal entities to finance public projects that generate their own revenue, such as utilities. The proceeds from these bonds would therefore most likely go to a City Utility Enterprise Fund, which is used to account for operations financed and operated in a manner similar to private business enterprises.

Which of the Following Funds Is Most Likely to Receive