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10 Cards in this Set
- Front
- Back
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Capital Project funds |
used to account for financial reousrces that are used to consturct cpaital facilites or other capital assest |
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When are CPF required |
capital outlay financed from General obligation bond proceeds OR legally or contacturally required |
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Special Assesment |
special assesmments are essentially a special tax imposed on those poreoprties or taxpayers benefited by the capital imporvemnt or service fiancned by the assestment. |
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CPF life cycle step by step |
Project authorization CPR extends over life of project / authorzied Finanincg Expenditures Terminaiton of CPF records and retnetion |
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upon termination any neceassary funds reuterdd to providers of financing and raminader tranfereed to DSF or GF |
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SHort term borrowing |
recorded as liabilty of fund expenditure for capital outlay may relsut in artificial deficit in FB |
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BAN Finanincg |
recrded as OFS expenditure is for capital outlay OFS and expenditure cancel out- no aritificial deficit |
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Purpose of DSF |
to account for the accumulation of resources for, and the payment of, general long term debt principal and interest Required: legally mandated or financial reousrces are being accumulated for pricnipal and interest payments in future years |
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General obligation indicates |
full faith and credit of the gov. unidt pledged to reapy the deby |
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Revenue debt |
specific revenue source dedicated to repay the debt |
