41.Premiums generated from the issuance of bonds for a capital projects fund are generally transferred to the Debt Service Fund.
42.Capital assets are
notreported in governmental funds.
43.Capital project funds exist for the duration of the project for which it is created and are then closed.
44.A non-expendable trust which benefits a government or its citizenry and which stipulates that earnings only (not principal) may be used for its prescribed purpose would be reported in a Special Revenue Fund.
45.Private-purpose Trust Funds benefit individuals, private organizations, or other governments.
46.When using debt service accounting, interest on long term debt is not to be accrued unless the payment is due in no more than one month and the government has resources available for payment.
47.Budgets are typically recorded for Capital Projects Funds.
48.Budgets are typically recorded for Debt Service Funds.
49.Budgets are typicallynotrecorded for Special Revenue Funds.
50.Permanent funds account for resources that are donor restricted to the extent earnings (but not principal) may be used to support government programs.