1. In 2015 Better City received $5,000,000 of bond proceeds to be used for capital projects. Of this amount, $1,000,000 was expended in 2015. Expenditures for the $4,000,000 balance were expected to be incurred in 2016. These bond proceeds should be recorded in capital projects funds for

a. $5,000,000 in 2015

b. $5,000,000 in 2016

c. $1,000,000 in 2015 and $4,000,000 in 2016

d. $1,000,000 in 2015 and in the general fund for $4,000,000 in 2015