In order to provide for the retirement of general obligation bonds, the City of Globe invests a portion of its receipts from general property taxes in marketable securities. This investment activity...

In order to provide for the retirement of general obligation bonds, the City of Globe invests a portion of its receipts from general property taxes in marketable securities. This investment activity should be accounted for in

(a) A Capital Projects Fund.

(b) A Debt Service Fund.