Streets, curbs, and sidewalks constructed or acquired through use of capital projects fund resources should never be reported in the financial statements of a government because they are for the use of the public, not for use by the government.

Question

Quizplus · Accepted Answer

Streets, curbs, and sidewalks constructed or acquired through use of capital projects fund resources should be reported in the financial statements of a government as infrastructure assets. They represent a significant investment of public resources and are utilized by the government to provide necessary services to the public.

Streets, Curbs, and Sidewalks Constructed or Acquired Through Use of Capital