During the current year, a Capital Projects Fund completed a new public safety building that was started in the prior year. The total cost of the project was $10,720,000. Financing for the project came from a $10,000,000 bond issue that was sold in the prior year and from a $720,000 federal capital grant received in the current year. Current expenditures for the project totaled $1,240,000. The full cost is attributed to the building because it was constructed on city-owned property