Cash remaining in a Capital Projects Fund at the completion of a project that was financed by a transfer from the General Fund would be disbursed to the General Fund and reported as a transfer out by the Capital Projects Fund.
Correct Answer:
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Q47: Capital Projects Funds account for the capital
Q48: Encumbrance accounting is not appropriate for Capital
Q49: Capital Projects Funds can have both interfund
Q50: Capital Projects Funds do not have a
Q51: Capital Projects Funds are perpetual funds.
Q53: Cash remaining in a Capital Projects Fund
Q54: A Capital Projects Fund would not report
Q55: General Capital Assets are accounted for in
Q56: The GCA-GLTL g/l reports construction in progress.
Q57: The GCA-GLTL g/l reports accumulated depreciation.
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