13) Capital projects expected to take several years to complete and involve large amounts of money (4pts budget for estimated expenditures only and only for the current fiscal period. operate under an annual budget, including expected revenues and estimated expenditures for the current fiscal year. do not utilize any annual budgeting entries. operate under an annual budget, including expected revenues and estimated expenditures for the entire project life. 14) When a city plans to build a fire station by issuing long-term debt, it could obtain money to (4p start construction before the bonds are sold by selling old fire trucks. issuing Bond Anticipation Notes. issuing Tax Anticipation Notes. borrowing from the pension trust fund. (4 15) In a Capital Projects Fund, when a contract is signed with a contractor to construct a fixed asset, the amount of the contract is: a credited to Other Financing Sources. credited to Contracts Payable. debited to Expenditures B debited to Encumbrances nurces is nreferred in debt service funds 13) Capital projects expected to take several years to complete and involve large amounts of money (4pts budget for estimated expenditures only and only for the current fiscal period. operate under an annual budget, including expected revenues and estimated expenditures for the current fiscal year. do not utilize any annual budgeting entries. operate under an annual budget, including expected revenues and estimated expenditures for the entire project life. 14) When a city plans to build a fire station by issuing long-term debt, it could obtain money to (4p start construction before the bonds are sold by selling old fire trucks. issuing Bond Anticipation Notes. issuing Tax Anticipation Notes. borrowing from the pension trust fund. (4 15) In a Capital Projects Fund, when a contract is signed with a contractor to construct a fixed asset, the amount of the contract is: a credited to Other Financing Sources. credited to Contracts Payable. debited to Expenditures B debited to Encumbrances nurces is nreferred in debt service funds