Capital projects funds differ from the General Fund and special revenue funds in that the latter categories have a year-to-year life, whereas capital projects funds have a project-life focus.

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Capital projects funds are used to account for financial resources that are restricted, committed, or assigned for capital projects, while the General Fund and special revenue funds are used for regular, ongoing operations and programs with a year-to-year focus. Capital projects funds have a project-life focus, meaning they are used for specific large-scale expenditures and have a longer-term horizon than the other types of funds.

Capital Projects Funds Differ from the General Fund and Special