Capital Projects Fund Clause Samples

Capital Projects Fund. This fund is used to account for financial resources used in acquiring, building or renovating major capital facilities. Cash Basis of Accounting. Basis of accounting that recognizes transactions or events when related cash amounts are received or disbursed.

Capital Projects Fund. The Capital Projects Fund accounts for financial resources to be used for major projects or capital outlay. In 2013, the partner cities appropriated funding of $0.3 million as the department’s 50% share of the cost of a temporary fire station to be shared with the City of Millbrae. This project is on hold. As of June 30, 2015, the Fund has a fund balance in the amount of $0.4 million.