A Capital Project Is Completed,but $500,000 Remains in a Capital

question 15

Multiple Choice

A capital project is completed,but $500,000 remains in a capital projects fund.How should the government use the $500,000 remaining in the capital projects fund?

• A)the government should retain the remaining funds in the capital projects fund for a potential future capital project
• B)the government should consult provisions of relevant grant and bond issues,which may provide guidance regarding its use
• C)the first-in,first out basis
• D)residual amounts in a capital projects fund after completion of a project must be transferred to a debt service fund

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Definitions:

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and control, at the expense of flexibility, openness, and efficiency.

Unforgiving Perfectionist

Describes someone who adheres rigidly to extremely high standards without allowing room for error or forgiveness.

Rigid

Describes something that is inflexible, strict, or set in its ways, often used in both physical and metaphorical contexts to denote lack of adaptability.

Narcissistic Personality Disorder

A mental condition in which a person has an inflated sense of their own importance, a deep need for excessive attention and admiration, troubled relationships, and a lack of empathy for others.