E 20-4 Multiple choice 1. Howard City should use a capital projects fund to account for:

a Proceeds of a capital grant to finance a new civic center that will not provide services primarily on a user-charge basis b Construction of sewer lines by the water and sewer utility to be financed by user costs c The accumulation of resources to retire bonds issued to construct the town hall d Construction of an addition to the airport terminal owned by the Howard City Municipal Airport, an enterprise fund