> Answer is complete but not entirely correct. CITY OF WATERMAN Capital Projects Fund Statement of Revenues, Expenditures, and Changes in Fund Balance For Fiscal Year Ended December 31, 20X2 Revenue: County grant Expenditures: Capital outlay Deficiency due to excess of expenditures over revenue Other Financing Sources (Uses): Proceeds of bond issue Transfer out to debt service fund-premium Transfer out to debt service fund-remainder Total Other Financing Sources (Uses) No change in fund balance Fund Balance, January 1, 20X2 Fund Balance, December 31, 20X2 $ 0 0 $ 0 $ 0 0 0 $ 00 0 SA $ 0