Chapter 6 - JOHN WILEY.pptVIP

Chapter 6 Chapter 6 Accounting for Capital Projects and Debt Service Learning Objectives Capital Projects Fund Debt Service Fund Special Assessments What is Arbitrage? Debt Refundings Capital Project Funds Accounts for resources dedicated to the purchase and construction of capital facilities. Legally restricted. Accounted for on the modified accrualbasis. Government-wide statements: fullaccrual basis. Examples: Buildings, infrastructureprojects such as roads, bridges, airports,sewer systems, and plant and equipment. Capital Projects Funds Two types of capital projects General