Purchase Solution

Governmental budgets for capital projects and debt service

Not what you're looking for?

Ask Custom Question

Although many governments prepare budgets for both capital projects and debt service funds and integrate them into their accounts, budgetary control over these funds is not as essential as it is for other governmental funds. Do you agree? Explain.

If budgets are prepared for capital projects funds, in what significant way may they differ from those prepared for other funds?

Purchase this Solution

Solution Summary

In 420 words, the solution explains the differences in certain types of governmental funds including why budgetary control is not essential in some cases.

Solution Preview

Both the capital projects fund and the debt service fund are what might be called holding funds. They are different from annual appropriation funds which gather revenue and have transactions during the year to accomplish a service goal. Both of the 'holding' types of funds tend to be in existence for more than one year, but are still considered temporary funds because they have one specific goal to accomplish.

For example, if a capital projects fund was opened for the specific purpose of the construction of a building, then the fund will disappear when the building project is completed. A debt service fund ...

Purchase this Solution

Free BrainMass Quizzes
Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.