Capital Projects Fund

20X5 proceeds from bonds issued at 95$2,850,000

20X5 expenditures (construction of new fire station, started in 20X5,

to be completed in 20X6) $1,600,000

(1) In the capital projects fund, what amount would be reported as Restricted Fund Balance at December 31, 20X5?

(2) What amount would be reported as a capital asset in the county's government-wide statement of net position at December 31, 20X5 relative to the construction of the new fire station?