Likely sources of funding major capital projects are proceeds from long-term borrowing, intergovernmental grants, and transfers from other funds.
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Q5: Under the modified accrual basis of accounting,
Q6: All funds report both financial assets and
Q7: Assets of governmental-type funds include cash and
Q8: For financial reporting purposes, operating transfers from
Q9: Special Revenue Funds are used to account
Q11: Long-term borrowing is a source of financing
Q12: Capital assets are reported in the assets
Q13: Capital asset acquisitions are always financed with
Q14: It is not possible for expenditures of
Q15: Enterprise Funds are financed to some degree
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