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CAPITAL PROJECTS FUNDS

 Statements:

EXHIBIT E Balance Sheet

SCHEDULE E-1 Statement of Cash Receipts and Disbursements

SCHEDULE E-2 Bonds Outstanding

SCHEDULE E-3 Changes in Bonds Outstanding

SCHEDULE E-4 Bonds Outstanding by Years of Maturity

SCHEDULE E-5 Bond Commission Allocations Available

Comments:

Capital projects funds are established to account for grants and for bond issue proceeds in accordance with acts passed by the General Assembly which specify the purpose of the issues and limit the amount to be spent. Actual bond retirement is made through the General Fund or the various debt service funds. Bond proceeds which are not required immediately are invested for additional revenue. Funds required before bond issue date are obtained by sale of short term notes.

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