According to GASB Statement No. 34, a Capital Projects Fund statement of revenues, expenditures, and changes in fund balancebudget and actual is:

A. Required for each Capital Projects Fund.

B. Required to be presented as a basic financial statement for each major Capital Projects Fund with a legally adopted annual budget.

C. Required to be presented as a basic financial statement or required supplementary information for each major Capital Projects Fund with a legally adopted annual budget.

D. Not required, but may be presented as other supplementary information.