Positive Fund Balances of Capital Projects Funds Are Classified as Nonspendable

question 6

True/False

Positive fund balances of capital projects funds are classified as nonspendable, restricted, committed, or assigned.

---

Definitions:

Horizontal Analysis

A financial analysis technique that compares historical financial data over a series of reporting periods, or of different companies during the same period.

Certain Date

A specific, determined point in time, often mentioned in contracts and agreements.

Percentage Increase

A measure expressed as a percentage that represents the magnitude of an increase in a value or quantity compared to its original value.