51. A municipality's capital projects fund is similar to a university's: A) B) C) D) retirement of indebtedness fund. investment in plant fund. renewals and replacements fund none of these. 52. A nonrecurring contribution from the General Fund to the Enterprise Fund is an example of an interfund: A) reimbursement. B) loan. C) services provided and used. D) transfer. A) appropriations B) estimated expenditures. C) expenditures. D) encumbrances. 54. The liability for general obligation long-term debt is reported in the: A) B) C) D) Enterprise Fund. Debt Service Fund. Capital Projects Fund. None of these. 55. The Expenditures account of a governmental unit is debited when A) B) C) D) supplies are ordered. the supplies invoice is paid. the budget is recorded. supplies encumbered are received. If a credit was made to the fund balance in the process of recording a budget for a governmental unit, it can be assumed that: A) actual expenses exceed estimated expenses. B) estimated expenses exceed actual revenues. C) estimated revenues exceed appropriations D) appropriations exceed estimated revenues