A capital projects fund might be used to account for which of the following activities?

Question

Quizplus · Accepted Answer

A capital projects fund is used to account for the acquisition or construction of major capital facilities, such as a parking garage. It is separate from the general fund, which is used for ongoing operations like maintaining sidewalks and providing services such as water and sewer. Servicing long-term debt would typically be accounted for in a debt service fund.

A Capital Projects Fund Might Be Used to Account for Which