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Debt service activities in government-wide statements

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Reference no: EM13152858

1) 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?

2) How should governments report their capital projects and debt service activities in their government-wide statements?

Reference no: EM13152858

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