f. Issue costs on the new debt (related to prepaid insurance costs) issued were $6,389. They are expensed, but are capitalized in the statement of activities. g. Of the noncapitalized capital outlays,...

f. Issue costs on the new debt (related to prepaid insurance costs) issued were $6,389. They are expensed, but are capitalized in the statement of activities.

g. Of the noncapitalized capital outlays, $920,000 are for police equipment and the balance, $1,115,616, is attributed to highway maintenance.